Bank failure · CA
Santa Barbara S & L Assoc. (Santa Barbara, CA) — failed April 27, 1990
Santa Barbara S & L Assoc. of Santa Barbara, California was closed on April 27, 1990 and resolved through a purchase and assumption. Bank of America Ntsa (CA) took over its insured deposits. At failure it held $4.3B in assets and $1.7B in deposits. The FDIC's estimated loss on the failure is $55K (0.0% of assets).
- Closing date
- April 27, 1990
- FDIC certificate #
- 28666
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of America Ntsa
- Insurance fund
- RTC
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