Bank failure · CA
Heartland S & LA (LA Mesa, CA) — failed September 6, 1991
Heartland S & LA of LA Mesa, California was closed on September 6, 1991 and resolved through a purchase and assumption. Union Bank (CA) took over its insured deposits. At failure it held $121.7M in assets and $120.8M in deposits. The FDIC's estimated loss on the failure is $18.4M (15.1% of assets).
- Closing date
- September 6, 1991
- FDIC certificate #
- 32023
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Union Bank
- Insurance fund
- RTC
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