Bank failure · CA
City S & L Assoc. (Westlake Village, CA) — failed April 6, 1989
City S & L Assoc. of Westlake Village, California was closed on April 6, 1989 and resolved through a insured deposit transfer. Olympia Nb (CA) took over its insured deposits. At failure it held $33.3M in assets and $34.0M in deposits. The FDIC's estimated loss on the failure is $2.6M (7.8% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32197
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Olympia Nb
- Insurance fund
- RTC
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