The Graveyard › Banks › 1993
American Bank and Trust
San Jose, CA · failed June 18, 1993 · FDIC certificate 21560
American Bank and Trust of San Jose, CA failed on June 18, 1993. It opened on May 1, 1974, 19 years before. At its last report before that it held $35.6 million in assets and $34.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1985, it held $73.0 million. The FDIC estimates that the Bank Insurance Fund lost $5.5 million on it.
1984-031993-03
Assets at the end$35.6 millionlast report before June 18, 1993
Deposits at the end$34.6 million
Estimated loss to the fund$5.5 millionBIF
Largest in the quarterly reports$73.0 millionJune 30, 1985
Equity to assets2.3%March 31, 1993
Loans not being repaid8.4%noncurrent, March 31, 1993
Return on assets-2.16%a year's rate, March 31, 1993
Staff20full time, March 31, 1993
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.