Bank failure · CA

Continental Savings of America (San Francisco, CA) — failed April 28, 1995

Continental Savings of America of San Francisco, California was closed on April 28, 1995 and resolved through a purchase and assumption. California Fb, FSB (CA) took over its insured deposits. At failure it held $359.4M in assets and $357.0M in deposits. The FDIC's estimated loss on the failure is $22.2M (6.2% of assets).