Bank failure · CA

Rancho Bernardo Fed. Sav. Bank (San Diego, CA) — failed October 26, 1990

Rancho Bernardo Fed. Sav. Bank of San Diego, California was closed on October 26, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $118.6M in assets and $113.1M in deposits. The FDIC's estimated loss on the failure is $7.7M (6.5% of assets).