Bank failure · CA

First Security Sb (Pleasant Hill, CA) — failed July 21, 1988

First Security Sb of Pleasant Hill, California was closed on July 21, 1988 and resolved through a a/a. Columbus Savings, a Fs&la (CA) took over its insured deposits. At failure it held $176.5M in assets and $133.1M in deposits. The FDIC's estimated loss on the failure is $44.6M (25.3% of assets).