Bank failure · CA

Great American Fsa (San Diego, CA) — failed August 9, 1991

Great American Fsa of San Diego, California was closed on August 9, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $9.5B in assets and $7.2B in deposits. The FDIC's estimated loss on the failure is $995.5M (10.5% of assets).