Bank failure · CA
Presidio S&la (Porterville, CA) — failed August 28, 1985
Presidio S&la of Porterville, California was closed on August 28, 1985 and resolved through a abt. Gibralter Savings (CA) took over its insured deposits. At failure it held $284.5M in assets and $244.9M in deposits. The FDIC's estimated loss on the failure is $96.6M (34.0% of assets).
- Closing date
- August 28, 1985
- FDIC certificate #
- 31749
- Resolution
- ABT (failure)
- Acquiring institution
- Gibralter Savings
- Insurance fund
- FSLIC
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