Data / Bank failures / 1986 / MT. Whitney S&LA
MT. Whitney S&LA, Exeter, CA: failed February 12, 1986
MT. Whitney S&LA in Exeter, California, failed on February 12, 1986. Guardian S&LA of Long Beach, CA, took over its deposits. It held $81.6 million in assets and $83.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $29.8 million (36.4% of its assets). By assets it was the 50th largest of 204 banks closed or assisted in 1986.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 12, 1986
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Guardian S&LA, Long Beach, CA
- Total assets
- $81,642,000
- Total deposits
- $83,873,000
- Estimated cost to the FDIC
- $29,755,000 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 32058
Other bank failures in California, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Adobe Savings Bank (assistance) | Concord | September 30, 1988 | $48.1 million | $43.4 million | $3.8 million | Tracy SAVINGS&LOAN Assn |
| American S&LA (assistance) | Stockton | September 7, 1988 | $30.16 billion | $15.41 billion | $5.37 billion | American Savings Bank FA |
| Homestate S&LA (assistance) | Hayward | August 26, 1988 | $182.1 million | $222.3 million | $45.7 million | Old Stone Bank of Ca A FSB |
| Westlake Thrift & Loan Association | Westlake Village | July 29, 1988 | $55.2 million | $51.2 million | $7.7 million | Independence Bank |
| First Security SB (assistance) | Pleasant Hill | July 21, 1988 | $176.5 million | $133.1 million | $44.6 million | Columbus Savings, A FS&LA |
| Stanford S&LA (assistance) | Palo Alto | June 24, 1988 | $73.5 million | $79.8 million | $17.1 million | Eureka FS&LA |
| Colonial Thrift & Loan Association | Culver City | April 15, 1988 | $26.8 million | $24 million | $4.6 million | Southern Pacific TH&L As |
| Balboa National Bank | National City | January 14, 1988 | $29.3 million | $29.4 million | $6.4 million |
All bank failures in 1986 · All bank failures in California · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.