Bank failure · CA
Liberty Federal Savings Bank (Montebello, CA) — failed November 16, 1990
Liberty Federal Savings Bank of Montebello, California was closed on November 16, 1990 and resolved through a purchase and assumption. Commerce Nb (CA) took over its insured deposits. At failure it held $53.8M in assets and $51.7M in deposits. The FDIC's estimated loss on the failure is $3.3M (6.2% of assets).
- Closing date
- November 16, 1990
- FDIC certificate #
- 32184
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Commerce Nb
- Insurance fund
- RTC
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