Bank failure · CA

Los Angeles Thrift and Loan Company (Los Angeles, CA) — failed March 31, 1995

Los Angeles Thrift and Loan Company of Los Angeles, California was closed on March 31, 1995 and resolved through a purchase and assumption (insured deposits). California Federal Bank, a (CA) took over its insured deposits. At failure it held $23.4M in assets and $22.3M in deposits. The FDIC's estimated loss on the failure is $6.1M (26.0% of assets).