Bank failure · CA
Southern California S&la (Beverly Hills, CA) — failed June 6, 1985
Southern California S&la of Beverly Hills, California was closed on June 6, 1985 and resolved through a a/a. Southern California Fs&la (CA) took over its insured deposits. At failure it held $1.5B in assets and $1.3B in deposits. The FDIC's estimated loss on the failure is $223.8M (15.0% of assets).
- Closing date
- June 6, 1985
- FDIC certificate #
- 28621
- Resolution
- A/A (assistance)
- Acquiring institution
- Southern California Fs&la
- Insurance fund
- FSLIC
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