Bank failure · CA
Westport Federal Savings Bank (Hanford, CA) — failed March 9, 1990
Westport Federal Savings Bank of Hanford, California was closed on March 9, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $169.6M in assets and $171.5M in deposits. The FDIC's estimated loss on the failure is $27.7M (16.3% of assets).
- Closing date
- March 9, 1990
- FDIC certificate #
- 31965
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- 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