Bank failure · CA

Golden State FSB (Irvine, CA) — failed August 13, 1993

Golden State FSB of Irvine, California was closed on August 13, 1993 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $50.6M in assets and $46.6M in deposits. The FDIC's estimated loss on the failure is $4.5M (8.9% of assets).