Bank failure · CA

Century Thrift and Loan (Los Angeles, CA) — failed November 5, 1993

Century Thrift and Loan of Los Angeles, California was closed on November 5, 1993 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $31.9M in assets and $24.5M in deposits. The FDIC's estimated loss on the failure is $9.6M (30.0% of assets).