Bank failure · CA

Pacific Thrift and Loan Co (Woodland Hills, CA) — failed November 22, 1999

Pacific Thrift and Loan Co of Woodland Hills, California was closed on November 22, 1999 and resolved through a purchase and assumption (insured deposits). Affinity Bank (CA) took over its insured deposits. At failure it held $127.3M in assets and $119.5M in deposits. The FDIC's estimated loss on the failure is $42.0M (33.0% of assets).