Bank failure · CA
Atlantic Financial FSB (San Francisco, CA) — failed July 26, 1991
Atlantic Financial FSB of San Francisco, California was closed on July 26, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $448.9M in assets and $413.5M in deposits. The FDIC's estimated loss on the failure is $35.0M (7.8% of assets).
- Closing date
- July 26, 1991
- FDIC certificate #
- 32301
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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