Bank failure · CA
Far Western Bank (Tustin, CA) — failed December 14, 1990
Far Western Bank of Tustin, California was closed on December 14, 1990 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $154.3M in assets and $150.7M in deposits. The FDIC's estimated loss on the failure is $23.9M (15.5% of assets).
- Closing date
- December 14, 1990
- FDIC certificate #
- 23074
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- BIF
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