Bank Failure
Orange Coast Thrift & Loan Association
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Closed June 27, 1986 · Los Alamitos, CA · FDIC Cert #26439.
- Closing date
- June 27, 1986
- Headquarters
- Los Alamitos, CA
- FDIC Certificate
- 26439
- Total assets (last filing before closing)
- $14.0M
- Total deposits (last filing before closing)
- $12.3M
- Estimated loss to the insurance fund
- $5.4M
- Insurance fund
- FDIC insurance fund
- Resolution
- Failure (closed by regulators)
- Acquirer
- Capitol Thrift&loan Assn
Context
On June 27, 1986, regulators closed Orange Coast Thrift & Loan Association, headquartered in Los Alamitos, CA. At closing, the institution held approximately $14.0M in assets and $12.3M in deposits. The FDIC record names Capitol Thrift&loan Assn as the acquiring institution in the resolution. The estimated cost to the FDIC insurance fund was approximately $5.4M.
By total assets in its last filing before closing, this is the 2584th largest of the 3,526 bank failures in the FDIC record, and the 120th of 162 in 1986. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing, in nominal dollars, and can differ from the balance on the closing day.
Common questions
When did Orange Coast Thrift & Loan Association fail?
Orange Coast Thrift & Loan Association was closed by regulators on June 27, 1986.
Who acquired Orange Coast Thrift & Loan Association?
The FDIC record names Capitol Thrift&loan Assn as the acquiring institution in the resolution of Orange Coast Thrift & Loan Association.
How big was Orange Coast Thrift & Loan Association when it failed?
Orange Coast Thrift & Loan Association had approximately $14.0M in total assets and $12.3M in deposits at the time of failure.
Other failures in 1986
| Date | Bank | Assets |
|---|---|---|
| Dec 19, 1986 | Lakeland State Bank | $49.4M |
| Dec 19, 1986 | Farmers State Bank | $9.7M |
| Dec 18, 1986 | First Bank & Trust Co. | $94.9M |
| Dec 18, 1986 | Landmark National Bank | $12.9M |
| Dec 18, 1986 | Lago Vista National Bank | $11.9M |
| Dec 12, 1986 | Guaranty Federal Bank FSB | $63.8M |
| Dec 12, 1986 | First Savings of America | $47.0M |
| Dec 9, 1986 | The Citizens Bank of Windsor | $24.8M |
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