The Graveyard › Banks › 1991
County Bank, FSB
Santa Barbara, CA · failed March 27, 1991 · FDIC certificate 32095
County Bank, FSB of Santa Barbara, CA failed on March 27, 1991. It opened in 1978, 13 years before. At its last report before that it held $1.2 billion in assets and $961.7 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1989, it held $1.5 billion. The FDIC estimates that the Resolution Trust Corporation lost $103.4 million on it.
1984-031990-12
Assets at the end$1.2 billionlast report before March 27, 1991
Deposits at the end$961.7 million
Estimated loss to the fund$103.4 millionRTC
Largest in the quarterly reports$1.5 billionSeptember 30, 1989
Equity to assets0.4%December 31, 1990
Loans not being repaid3.6%noncurrent, December 31, 1990
Return on assets-2.11%a year's rate, December 31, 1990
Staff173full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.