Bank failure · CA
United Bank, SSB (San Francisco, CA) — failed March 28, 1986
United Bank, SSB of San Francisco, California was closed on March 28, 1986 and resolved through a a/a. United Savings Bank FSB (CA) took over its insured deposits. At failure it held $590.2M in assets and $489.7M in deposits. The FDIC's estimated loss on the failure is $52.0M (8.8% of assets).
- Closing date
- March 28, 1986
- FDIC certificate #
- 31702
- Resolution
- A/A (assistance)
- Acquiring institution
- United Savings Bank FSB
- Insurance fund
- FSLIC
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