Bank failure · CA

Homefed Bank, Fa (San Diego, CA) — failed July 6, 1992

Homefed Bank, Fa of San Diego, California was closed on July 6, 1992 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $12.2B in assets and $8.9B in deposits. The FDIC's estimated loss on the failure is $751.6M (6.2% of assets).