Bank failure · CA
Executive Sb, FSB (Marina Del Rey, CA) — failed April 26, 1991
Executive Sb, FSB of Marina Del Rey, California was closed on April 26, 1991 and resolved through a purchase and assumption. Century Fs&la (CA) took over its insured deposits. At failure it held $58.6M in assets and $55.5M in deposits. The FDIC's estimated loss on the failure is $6.3M (10.8% of assets).
- Closing date
- April 26, 1991
- FDIC certificate #
- 32202
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Century Fs&la
- Insurance fund
- RTC
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