Bank failure · CA

San Clemente FSB (San Clemente, CA) — failed June 12, 1992

San Clemente FSB of San Clemente, California was closed on June 12, 1992 and resolved through a purchase and assumption. Household Bank, FSB (CA) took over its insured deposits. At failure it held $220.4M in assets and $205.7M in deposits. The FDIC's estimated loss on the failure is $32.8M (14.9% of assets).