Bank failure · CA

American S&la (Stockton, CA) — failed September 7, 1988

American S&la of Stockton, California was closed on September 7, 1988 and resolved through a a/a. American Savings Bank Fa (CA) took over its insured deposits. At failure it held $30.2B in assets and $15.4B in deposits. The FDIC's estimated loss on the failure is $5.4B (17.8% of assets).