Bank failure · CA

Peninsula S & LA (South San Francisco, CA) — failed May 4, 1990

Peninsula S & LA of South San Francisco, California was closed on May 4, 1990 and resolved through a insured deposit transfer. Westcal Nb (CA) took over its insured deposits. At failure it held $51.8M in assets and $46.1M in deposits. The FDIC's estimated loss on the failure is $1.5M (2.8% of assets).