Bank failure · CA

County Bank, FSB (Santa Barbara, CA) — failed March 27, 1991

County Bank, FSB of Santa Barbara, California was closed on March 27, 1991 and resolved through a purchase and assumption. Home Savings of America, Fs (CA) took over its insured deposits. At failure it held $1.2B in assets and $961.7M in deposits. The FDIC's estimated loss on the failure is $103.4M (8.8% of assets).