Bank failure · CA
American Interstate Sa (Los Angeles, CA) — failed July 20, 1989
American Interstate Sa of Los Angeles, California was closed on July 20, 1989 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $24.9M in assets and $25.0M in deposits. The FDIC's estimated loss on the failure is $5.0M (20.2% of assets).
- Closing date
- July 20, 1989
- FDIC certificate #
- 32475
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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