Bank failure · CA
Imperial Federal Savings Assoc. (San Diego, CA) — failed February 23, 1990
Imperial Federal Savings Assoc. of San Diego, California was closed on February 23, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $9.6B in assets and $6.6B in deposits. The FDIC's estimated loss on the failure is $203.1M (2.1% of assets).
- Closing date
- February 23, 1990
- FDIC certificate #
- 28517
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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