Bank failure · CA

Fidelity S&la (San Francisco, CA) — failed April 1, 1982

Fidelity S&la of San Francisco, California was closed on April 1, 1982 and resolved through a a/a. Citicorp Savings, a Fs&la (CA) took over its insured deposits. At failure it held $2.9B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $10.2M (0.4% of assets).