Bank failure · CA
Perpetual Savings Association (Santa Ana, CA) — failed April 6, 1989
Perpetual Savings Association of Santa Ana, California was closed on April 6, 1989 and resolved through a insured deposit transfer. Bank of Industry (CA) took over its insured deposits. At failure it held $18.7M in assets and $29.0M in deposits. The FDIC's estimated loss on the failure is $12.6M (67.2% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32528
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bank of Industry
- Insurance fund
- RTC
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