Bank failure · CA
First California Savings (Orange, CA) — failed April 6, 1989
First California Savings of Orange, California was closed on April 6, 1989 and resolved through a insured deposit transfer. First American Bank (CA) took over its insured deposits. At failure it held $161.4M in assets and $194.5M in deposits. The FDIC's estimated loss on the failure is $73.7M (45.7% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32560
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- First American Bank
- Insurance fund
- RTC
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