Bank failure · CA
Mt. Whitney S&la (Exeter, CA) — failed February 12, 1986
Mt. Whitney S&la of Exeter, California was closed on February 12, 1986 and resolved through a insured deposit transfer. Guardian S&la (CA) took over its insured deposits. At failure it held $81.6M in assets and $83.9M in deposits. The FDIC's estimated loss on the failure is $29.8M (36.4% of assets).
- Closing date
- February 12, 1986
- FDIC certificate #
- 32058
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Guardian S&la
- Insurance fund
- FSLIC
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