Bank failure · CA

Advanced FSB (Northridge, CA) — failed January 24, 1992

Advanced FSB of Northridge, California was closed on January 24, 1992 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $23.1M in assets and $23.6M in deposits. The FDIC's estimated loss on the failure is $19.3M (83.6% of assets).