The Graveyard › Banks › 1986
Center National Bank
Los Angeles, CA · failed April 11, 1986 · FDIC certificate 23920
Center National Bank of Los Angeles, CA failed on April 11, 1986. It opened on June 28, 1982, 3 years before. At its last report before that it held $47.7 million in assets and $45.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1984, it held $68.9 million. The FDIC estimates that the FDIC's insurance fund lost $10.9 million on it.
1984-031985-12
Assets at the end$47.7 millionlast report before April 11, 1986
Deposits at the end$45.7 million
Estimated loss to the fund$10.9 millionFDIC
Largest in the quarterly reports$68.9 millionSeptember 30, 1984
Equity to assets2.3%December 31, 1985
Loans not being repaid6.2%noncurrent, December 31, 1985
Return on assets-3.08%a year's rate, December 31, 1985
Staff77full time, December 31, 1985
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.