Bank failure · CA

Westside Bank, FSB (Los Angeles, CA) — failed September 24, 1993

Westside Bank, FSB of Los Angeles, California was closed on September 24, 1993 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $81.7M in assets and $76.9M in deposits. The FDIC's estimated loss on the failure is $21.6M (26.5% of assets).