The Graveyard › Banks › 1985
California Heritage Bank
San Diego, CA · failed November 22, 1985 · FDIC certificate 21691
California Heritage Bank of San Diego, CA failed on November 22, 1985. It opened on July 10, 1974, 11 years before. At its last report before that it held $24.1 million in assets and $22.4 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1984, it held $28.9 million. The FDIC estimates that the FDIC's insurance fund lost $3.2 million on it.
1984-031985-09
Assets at the end$24.1 millionlast report before November 22, 1985
Deposits at the end$22.4 million
Estimated loss to the fund$3.2 millionFDIC
Largest in the quarterly reports$28.9 millionDecember 31, 1984
Equity to assets-0.5%September 30, 1985
Loans not being repaid15.8%noncurrent, September 30, 1985
Return on assets-7.23%a year's rate, September 30, 1985
Staff38full time, September 30, 1985
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion 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.