Bank failure · CA

Pan American FSB (San Mateo, CA) — failed July 12, 1991

Pan American FSB of San Mateo, California was closed on July 12, 1991 and resolved through a purchase and assumption. Pan American Bank, FSB (CA) took over its insured deposits. At failure it held $287.2M in assets and $250.2M in deposits. The FDIC's estimated loss on the failure is $8.3M (2.9% of assets).