Bank failure · CA

Columbia Savings & Loan Assn. (Beverly Hills, CA) — failed January 25, 1991

Columbia Savings & Loan Assn. of Beverly Hills, California was closed on January 25, 1991 and resolved through a payout (deposit payoff). Branch Sale (NA) took over its insured deposits. At failure it held $5.4B in assets and $5.6B in deposits. The FDIC's estimated loss on the failure is $206.3M (3.8% of assets).