Bank failure · CA
Cal America S&la (Walnut Creek, CA) — failed September 19, 1986
Cal America S&la of Walnut Creek, California was closed on September 19, 1986 and resolved through a a/a. Columbus Savings, a Fs&la (CA) took over its insured deposits. At failure it held $413.0M in assets and $367.8M in deposits. The FDIC's estimated loss on the failure is $166.7M (40.4% of assets).
- Closing date
- September 19, 1986
- FDIC certificate #
- 31338
- Resolution
- A/A (assistance)
- Acquiring institution
- Columbus Savings, a Fs&la
- Insurance fund
- FSLIC
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