Bank failure · CA
Royal Oak S & L Assoc. (Manteca, CA) — failed April 6, 1989
Royal Oak S & L Assoc. of Manteca, California was closed on April 6, 1989 and resolved through a insured deposit transfer. Bank of Stockton (CA) took over its insured deposits. At failure it held $34.4M in assets and $35.5M in deposits. The FDIC's estimated loss on the failure is $3.1M (9.0% of assets).
- Closing date
- April 6, 1989
- FDIC certificate #
- 32132
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Bank of Stockton
- Insurance fund
- RTC
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