Bank failure · CA
Founders Federal S & L (Los Angeles, CA) — failed April 6, 1989
Founders Federal S & L of Los Angeles, California was closed on April 6, 1989 and resolved through a insured deposit transfer. Founders Nb of Los Angeles (CA) took over its insured deposits. At failure it held $134.7M in assets and $166.5M in deposits. The FDIC's estimated loss on the failure is $77.7M (57.7% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 31697
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Founders Nb of Los Angeles
- Insurance fund
- RTC
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