Bank failure · FL

Pioneer Savings Bank, FSB (Clearwater, FL) — failed February 2, 1990

Pioneer Savings Bank, FSB of Clearwater, Florida was closed on February 2, 1990 and resolved through a purchase and assumption. Great Western Bank, FSB (CA) took over its insured deposits. At failure it held $1.9B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $217.2M (11.2% of assets).