Bank failure · CA
South Bay S&la (Gardens, CA) — failed March 6, 1987
South Bay S&la of Gardens, California was closed on March 6, 1987 and resolved through a a/a. Standard Pacific Savings Fa (CA) took over its insured deposits. At failure it held $61.9M in assets and $64.3M in deposits. The FDIC's estimated loss on the failure is $5.3M (8.6% of assets).
- Closing date
- March 6, 1987
- FDIC certificate #
- 32163
- Resolution
- A/A (assistance)
- Acquiring institution
- Standard Pacific Savings Fa
- Insurance fund
- FSLIC
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