Bank failure · CA
Lincoln Savings & Loan (Irvine, CA) — failed April 14, 1989
Lincoln Savings & Loan of Irvine, California was closed on April 14, 1989 and resolved through a purchase and assumption. Great Western Bank, FSB (CA) took over its insured deposits. At failure it held $4.9B in assets and $4.2B in deposits. The FDIC's estimated loss on the failure is $3.1B (64.7% of assets).
- Closing date
- April 14, 1989
- FDIC certificate #
- 29642
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Great Western Bank, FSB
- Insurance fund
- RTC
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