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Bank failure · CA

Huntington Pacific Thrift & Loan (Huntington, CA) — failed December 4, 1992

Huntington Pacific Thrift & Loan of Huntington, California was closed on December 4, 1992 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $40.5M in assets and $38.3M in deposits. The FDIC's estimated loss on the failure is $17.4M (42.9% of assets).

Closing date
December 4, 1992
FDIC certificate #
26440
Resolution
Payout (deposit payoff) (failure)
Acquiring institution
0
Insurance fund
BIF

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What happens when a bank fails