The Graveyard › Banks › 1987
Empire National Bank
Los Angeles, CA · failed July 30, 1987 · FDIC certificate 25647
Empire National Bank of Los Angeles, CA failed on July 30, 1987. It opened on September 5, 1984, 2 years before. At its last report before that it held $8.8 million in assets and $9.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $28.4 million. The FDIC estimates that the FDIC's insurance fund lost $3.1 million on it.
1984-091987-06
Assets at the end$8.8 millionlast report before July 30, 1987
Deposits at the end$9.6 million
Estimated loss to the fund$3.1 millionFDIC
Largest in the quarterly reports$28.4 millionMarch 31, 1986
Equity to assets-9.9%June 30, 1987
Loans not being repaid29.8%noncurrent, June 30, 1987
Return on assets-20.16%a year's rate, June 30, 1987
Staff11full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.