Bank failure · CA

Western FSB (Marina Del Ray, CA) — failed June 4, 1993

Western FSB of Marina Del Ray, California was closed on June 4, 1993 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $3.8B in assets and $2.7B in deposits. The FDIC's estimated loss on the failure is $107.9M (2.8% of assets).