Bank failure · CA
Time Fs & LA (San Francisco, CA) — failed June 1, 1990
Time Fs & LA of San Francisco, California was closed on June 1, 1990 and resolved through a purchase and assumption. Sun Sb, FSB (CA) took over its insured deposits. At failure it held $57.9M in assets and $53.9M in deposits. The FDIC's estimated loss on the failure is $3.1M (5.4% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 31671
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Sun Sb, FSB
- Insurance fund
- RTC
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