Bank failure · CA
Encino Savings Bank, FSB (Encino, CA) — failed June 3, 1994
Encino Savings Bank, FSB of Encino, California was closed on June 3, 1994 and resolved through a purchase and assumption. American Sb, Fa (CA) took over its insured deposits. At failure it held $92.5M in assets and $89.1M in deposits. The FDIC's estimated loss on the failure is $7.4M (8.0% of assets).
- Closing date
- June 3, 1994
- FDIC certificate #
- 31484
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- American Sb, Fa
- Insurance fund
- RTC
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