Bank failure · CA
Western Empire Fs & LA (Yorba Linda, CA) — failed February 16, 1990
Western Empire Fs & LA of Yorba Linda, California was closed on February 16, 1990 and resolved through a insured deposit transfer. Southern California Bank (CA) took over its insured deposits. At failure it held $406.6M in assets and $318.5M in deposits. The FDIC's estimated loss on the failure is $26.5M (6.5% of assets).
- Closing date
- February 16, 1990
- FDIC certificate #
- 32101
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Southern California Bank
- Insurance fund
- RTC
Other failures in 1990
- Capitol Bank and Trust Company MA
- First Fs & LA of Andalusia AL
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Far Western Bank CA
- Home Federal Bank for Savings IL
- Community Fs & LA MO
- Frontier Savings Association NV
- Old Borough Savings & Loan NJ
- The State Bank of Omaha TX
- Comfed Savings Bank MA
- Peoples State Bank TX
- Empire Savings Bank NJ
- Olympic Federal Savings IL
- First Commercial Bank of Florida FL
- Washington County State Bank TX
- First State Bank OK
- Bank of Commerce LA
- New England Allbank for Savings MA
- First National Bank of Rowlett TX
- Heights Bank TX
- Texarkana Fs & LA AR