The Graveyard › Banks › 1994
Bank of San Pedro
Los Angeles, CA · failed July 15, 1994 · FDIC certificate 21922
Bank of San Pedro of Los Angeles, CA failed on July 15, 1994. It opened on February 7, 1975, 19 years before. At its last report before that it held $132.6 million in assets and $128.3 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $185.9 million. The FDIC estimates that the Bank Insurance Fund lost $28.8 million on it.
1984-031994-03
Assets at the end$132.6 millionlast report before July 15, 1994
Deposits at the end$128.3 million
Estimated loss to the fund$28.8 millionBIF
Largest in the quarterly reports$185.9 millionMarch 31, 1990
Equity to assets2.6%March 31, 1994
Loans not being repaid9.3%noncurrent, March 31, 1994
Return on assets-2.27%a year's rate, March 31, 1994
Staff98full time, March 31, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 million in assets
- Ludlow Savings Bank · Ludlow, MA · $222.7 million in assets
- Bank of Newport · Newport Beach, CA · $167.8 million in assets
- Mechanics National Bank · Paramount, CA · $148.7 million in assets
- CommerceBank · Newport Beach, CA · $142.3 million in assets
- Pioneer Bank · Fullerton, CA · $133.3 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.