TellerScore

Bank failure · CA

Ramona S&la (Fillmore, CA) — failed September 12, 1986

Ramona S&la of Fillmore, California was closed on September 12, 1986 and resolved through a insured deposit transfer. Midwest Fs&la of Minneapoli (MN) took over its insured deposits. At failure it held $108.1M in assets and $96.0M in deposits. The FDIC's estimated loss on the failure is $59.5M (55.0% of assets).

Closing date
September 12, 1986
FDIC certificate #
28664
Resolution
Insured deposit transfer (failure)
Acquiring institution
Midwest Fs&la of Minneapoli
Insurance fund
FSLIC

Other failures in 1986

What happens when a bank fails