Bank failure · CA

Homestate S&la (Hayward, CA) — failed August 26, 1988

Homestate S&la of Hayward, California was closed on August 26, 1988 and resolved through a a/a. Old Stone Bank of Ca a FSB (CA) took over its insured deposits. At failure it held $182.1M in assets and $222.3M in deposits. The FDIC's estimated loss on the failure is $45.7M (25.1% of assets).