Bank failure · CA

Regent Thrift and Loan Association (San Francisco, CA) — failed September 17, 1993

Regent Thrift and Loan Association of San Francisco, California was closed on September 17, 1993 and resolved through a purchase and assumption (insured deposits). Metropolitan Bank (CA) took over its insured deposits. At failure it held $35.8M in assets and $7.2M in deposits. The FDIC's estimated loss on the failure is $1.5M (4.1% of assets).