Bank failure · CA

Orange Coast Thrift & Loan Association (Los Alamitos, CA) — failed June 27, 1986

Orange Coast Thrift & Loan Association of Los Alamitos, California was closed on June 27, 1986 and resolved through a purchase and assumption. Capitol Thrift&loan Assn (CA) took over its insured deposits. At failure it held $14.0M in assets and $12.3M in deposits. The FDIC's estimated loss on the failure is $5.4M (38.3% of assets).