Bank failure · CA
Malibu Sb (Costa Mesa, CA) — failed January 11, 1991
Malibu Sb of Costa Mesa, California was closed on January 11, 1991 and resolved through a purchase and assumption. Brentwood Bank of Ca (CA) took over its insured deposits. At failure it held $139.1M in assets and $122.9M in deposits. The FDIC's estimated loss on the failure is $22.1M (15.9% of assets).
- Closing date
- January 11, 1991
- FDIC certificate #
- 32134
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Brentwood Bank of Ca
- Insurance fund
- RTC
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