Bank failure · CA
Butterfield S&la (Santa Ana, CA) — failed August 7, 1985
Butterfield S&la of Santa Ana, California was closed on August 7, 1985 and resolved through a a/a. Downey S&la (CA) took over its insured deposits. At failure it held $708.3M in assets and $768.3M in deposits. The FDIC's estimated loss on the failure is $371.3M (52.4% of assets).
- Closing date
- August 7, 1985
- FDIC certificate #
- 29540
- Resolution
- A/A (assistance)
- Acquiring institution
- Downey S&la
- Insurance fund
- FSLIC
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