Bank Failure
CITY THRIFT AND LOAN ASSOCIATION
Closed July 9, 1993 · LOS ANGELES, CA · FDIC Cert #26495.
- Closing date
- July 9, 1993
- Headquarters
- LOS ANGELES, CA
- FDIC Certificate
- 26495
- Total assets at closing
- $39,383,000
- Total deposits at closing
- $36,977,000
- Estimated loss to DIF
- $17,697,000
- Resolution type
- other
Context
On July 9, 1993, regulators closed CITY THRIFT AND LOAN ASSOCIATION, headquartered in LOS ANGELES, CA. At closing, the institution held approximately $39,383,000 in assets and $36,977,000 in deposits. The FDIC resolved the institution without a single-acquirer transaction. The estimated cost to the FDIC Deposit Insurance Fund was approximately $17,697,000.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Other failures in 1993
| Date | Bank | HQ | Assets |
|---|---|---|---|
| 1993-11-05 | CENTURY THRIFT AND LOAN | LOS ANGELES, CA | $31,876,000 |
| 1993-10-29 | THE BANK OF SAN DIEGO | SAN DIEGO, CA | $294,277,000 |
| 1993-10-21 | MID CITY BANK, N.A. | BREA, CA | $105,734,000 |
| 1993-10-15 | BRENTWOOD THRIFT AND LOAN ASSOCIATION | LOS ANGELES, CA | $12,920,000 |
| 1993-10-14 | PLAZA BANK, N.A. OF NEW BRAUNFELS | NEW BRAUNFELS, TX | $54,647,000 |
| 1993-09-24 | WESTSIDE BANK, FSB | LOS ANGELES, CA | $81,689,000 |
| 1993-09-24 | WESTERN UNITED NATIONAL BANK | LOS ANGELES, CA | $23,727,000 |
| 1993-09-17 | REGENT THRIFT AND LOAN ASSOCIATION | SAN FRANCISCO, CA | $35,751,000 |
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