Bank failure · CA

Bell S&la (San Mateo, CA) — failed July 25, 1985

Bell S&la of San Mateo, California was closed on July 25, 1985 and resolved through a a/a. Western Fs&la (CA) took over its insured deposits. At failure it held $1.6B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $829.7M (50.7% of assets).