Bank failure · CA
Santa Paula S & LA (Santa Paula, CA) — failed September 27, 1991
Santa Paula S & LA of Santa Paula, California was closed on September 27, 1991 and resolved through a purchase and assumption. Bank of Levy (CA) took over its insured deposits. At failure it held $280.7M in assets and $242.6M in deposits. The FDIC's estimated loss on the failure is $6.9M (2.5% of assets).
- Closing date
- September 27, 1991
- FDIC certificate #
- 27867
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of Levy
- Insurance fund
- RTC
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