Bank failure · CA

Unity Fs & LA (Beverly Hills, CA) — failed February 8, 1991

Unity Fs & LA of Beverly Hills, California was closed on February 8, 1991 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $454.5M in assets and $444.0M in deposits. The FDIC's estimated loss on the failure is $60.1M (13.2% of assets).