Bank failure · CA
Financial Fs & LA (Fresno, CA) — failed January 11, 1990
Financial Fs & LA of Fresno, California was closed on January 11, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $31.2M in assets and $33.8M in deposits. The FDIC's estimated loss on the failure is $3.1M (9.9% of assets).
- Closing date
- January 11, 1990
- FDIC certificate #
- 32342
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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