The Graveyard › Banks › 1993
Columbia National Bank
Santa Monica, CA · failed January 22, 1993 · FDIC certificate 24320
Columbia National Bank of Santa Monica, CA failed on January 22, 1993. It opened on February 7, 1983, 9 years before. At its last report before that it held $47.6 million in assets and $47.6 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $119.8 million. The FDIC estimates that the Bank Insurance Fund lost $17.6 million on it.
1984-031992-12
Assets at the end$47.6 millionlast report before January 22, 1993
Deposits at the end$47.6 million
Estimated loss to the fund$17.6 millionBIF
Largest in the quarterly reports$119.8 millionSeptember 30, 1989
Equity to assets-1.1%December 31, 1992
Loans not being repaid39.3%noncurrent, December 31, 1992
Return on assets-3.51%a year's rate, December 31, 1992
Staff26full time, December 31, 1992
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.