Bank failure · CA
Security Fed. Savings Association (Garden Grove, CA) — failed November 16, 1989
Security Fed. Savings Association of Garden Grove, California was closed on November 16, 1989 and resolved through a insured deposit transfer. Itt Fb, FSB (CA) took over its insured deposits. At failure it held $71.0M in assets and $74.7M in deposits. The FDIC's estimated loss on the failure is $3K (0.0% of assets).
- Closing date
- November 16, 1989
- FDIC certificate #
- 30982
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Itt Fb, FSB
- Insurance fund
- RTC
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