The Graveyard › Banks › 1994
Capital Bank
Downey, CA · failed August 26, 1994 · FDIC certificate 3432
Capital Bank of Downey, CA failed on August 26, 1994. It opened on April 3, 1926, 68 years before. At its last report before that it held $76.9 million in assets and $74.4 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1991, it held $118.9 million. The FDIC estimates that the Bank Insurance Fund lost $17.8 million on it.
1984-031994-06
Assets at the end$76.9 millionlast report before August 26, 1994
Deposits at the end$74.4 million
Estimated loss to the fund$17.8 millionBIF
Largest in the quarterly reports$118.9 millionJune 30, 1991
Equity to assets2.4%June 30, 1994
Loans not being repaid6.6%noncurrent, June 30, 1994
Return on assets-1.30%a year's rate, June 30, 1994
Staff51full time, June 30, 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.