Bank failure · CA

Constitution Fed. Savings Assoc. (Monterey Park, CA) — failed April 12, 1990

Constitution Fed. Savings Assoc. of Monterey Park, California was closed on April 12, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $66.4M in assets and $64.8M in deposits. The FDIC's estimated loss on the failure is $3K (0.0% of assets).