Bank failure · CA

Western Community S&l (El Cerrito, CA) — failed March 8, 1985

Western Community S&l of El Cerrito, California was closed on March 8, 1985 and resolved through a insured deposit transfer. First United FSB (CA) took over its insured deposits. At failure it held $110.6M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is −$11.4M (-10.3% of assets).