Bank failure · CA
Saratoga S & L Association (San Jose, CA) — failed November 9, 1989
Saratoga S & L Association of San Jose, California was closed on November 9, 1989 and resolved through a insured deposit transfer. Pacific Western Bank (CA) took over its insured deposits. At failure it held $84.5M in assets and $81.7M in deposits. The FDIC's estimated loss on the failure is $18.6M (22.0% of assets).
- Closing date
- November 9, 1989
- FDIC certificate #
- 32162
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Pacific Western Bank
- Insurance fund
- RTC
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