Bank failure · CA

Homestead Fsa (San Francisco, CA) — failed October 30, 1992

Homestead Fsa of San Francisco, California was closed on October 30, 1992 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $1.3B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $19.2M (1.5% of assets).