Bank failure · CA

First Fs&la of Redding (Redding, CA) — failed March 20, 1986

First Fs&la of Redding of Redding, California was closed on March 20, 1986 and resolved through a a/a. Great American FSB (CA) took over its insured deposits. At failure it held $39.6M in assets and $41.2M in deposits. The FDIC's estimated loss on the failure is −$223K (-0.6% of assets).