THE BILL: Nineteen savings and loan associations...
- Share via
THE BILL: Nineteen savings and loan associations in Orange County have failed since 1985 (D5), and some have cost taxpayers a bundle in deposit insurance payouts (above). . . . So far, those costs have reached an estimated $4.55 billion in Orange County alone, and they are bound to skyrocket soon. Observers estimate that future bailout costs could reach $2.5 billion for just one S&L--Charles; Keating Jr.’s infamous Lincoln Savings & Loan in Irvine (A4). . . . Regulators are trying to sell Lincoln Savings, but so far no takers.
BIGGEST BAILOUTS
Orange Count savings and loans failures and what they will probably cost taxpayers.
North America Savings & Loan, Santa Ana: $133 mil.
Butterfield Savings & Loan, Santa Ana: $281 mil.
Pacific Savings Bank, Costa Mesa: $343.8 mil.
American Diversified Savings Bank, Costa Mesa: $798 mil.
Beverly Hills Savings & Loan, Mission Viejo: $983 mil.
American Savings & Loan, Irvine: $1.7 billion
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
