Bank failure · CA

Central S&la (San Diego, CA) — failed May 31, 1985

Central S&la of San Diego, California was closed on May 31, 1985 and resolved through a a/a. Coast S&la (CA) took over its insured deposits. At failure it held $2.3B in assets and $1.7B in deposits. The FDIC's estimated loss on the failure is $327.1M (14.2% of assets).