Bank failure · CA
Whittier Thrift & Loan (Whittier, CA) — failed June 12, 1987
Whittier Thrift & Loan of Whittier, California was closed on June 12, 1987 and resolved through a purchase and assumption. Liberty Thrift&loan (CA) took over its insured deposits. At failure it held $15.2M in assets and $14.4M in deposits. The FDIC's estimated loss on the failure is $3.3M (21.5% of assets).
- Closing date
- June 12, 1987
- FDIC certificate #
- 26362
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Liberty Thrift&loan
- Insurance fund
- FDIC
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