Bank failure · CA
Pacific Coast S & LA (San Francisco, CA) — failed March 16, 1990
Pacific Coast S & LA of San Francisco, California was closed on March 16, 1990 and resolved through a purchase and assumption. East-West Fb, FSB (CA) took over its insured deposits. At failure it held $1.0B in assets and $633.2M in deposits. The FDIC's estimated loss on the failure is $55.7M (5.4% of assets).
- Closing date
- March 16, 1990
- FDIC certificate #
- 32097
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- East-West Fb, FSB
- Insurance fund
- RTC
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