Bank failure · CA

City Thrift and Loan Association (Los Angeles, CA) — failed July 9, 1993

City Thrift and Loan Association of Los Angeles, California was closed on July 9, 1993 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $39.4M in assets and $37.0M in deposits. The FDIC's estimated loss on the failure is $17.7M (44.9% of assets).