Bank failure · CA
Gateway Federal Savings Bank (Oakland, CA) — failed April 6, 1989
Gateway Federal Savings Bank of Oakland, California was closed on April 6, 1989 and resolved through a purchase and assumption. Gateway Bank, FSB (CA) took over its insured deposits. At failure it held $72.7M in assets and $126.2M in deposits. The FDIC's estimated loss on the failure is $81.3M (111.8% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32059
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Gateway Bank, FSB
- Insurance fund
- RTC
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