Data / Bank failures / 1990 / Time FS & La
Time FS & La, San Francisco, CA: failed June 1, 1990
Time FS & La in San Francisco, California, failed on June 1, 1990. Sun SB, FSB of Los Angeles, CA, took over its deposits. It held $57.9 million in assets and $53.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.1 million (5.4% of its assets). By assets it was the 203rd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- June 1, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Sun SB, FSB, Los Angeles, CA
- Total assets
- $57,943,000
- Total deposits
- $53,942,000
- Estimated cost to the FDIC
- $3,126,591 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31671
Other bank failures in California, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Huntington Pacific Thrift & Loan | Huntington | December 4, 1992 | $40.5 million | $38.3 million | $17.4 million | |
| Statewide Thrift and Loan Co. | Redwood City | November 13, 1992 | $9.6 million | $9.5 million | $2.3 million | Fireside Thrift Co |
| Homestead Fsa | San Francisco | October 30, 1992 | $1.31 billion | $1.23 billion | $19.2 million | |
| Homefed Bank, FA | San Diego | July 6, 1992 | $12.18 billion | $8.90 billion | $751.6 million | |
| First Newport FSB | Newport Beach | June 19, 1992 | $35 million | $34.4 million | $3.2 million | Sterling B&T, FSB |
| San Clemente FSB | San Clemente | June 12, 1992 | $220.4 million | $205.7 million | $32.8 million | Household Bank, FSB |
| American Interstate Bank | Newport Beach | June 12, 1992 | $42 million | $40.8 million | $7.4 million | Marine National Bank |
| North American Thrift and Loan | Corona Del Mar | May 29, 1992 | $21.3 million | $20.9 million | $4.5 million |
Other failed banks Sun SB, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Sierra S & L Assoc. | Beverly Hills | CA | July 20, 1989 | $40.7 million | $40 million | $11.1 million | Sun SB, FSB |
All bank failures in 1990 · All bank failures in California · Every failed bank Sun SB, FSB took over · 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.