The Graveyard › Banks › 1993
First California Bank
La Mesa, CA · failed July 9, 1993 · FDIC certificate 26488
First California Bank of La Mesa, CA failed on July 9, 1993. It opened on December 9, 1985, 7 years before. At its last report before that it held $79.4 million in assets and $77.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1991, it held $153.2 million. The FDIC estimates that the Bank Insurance Fund lost $14.3 million on it.
1985-121993-03
Assets at the end$79.4 millionlast report before July 9, 1993
Deposits at the end$77.0 million
Estimated loss to the fund$14.3 millionBIF
Largest in the quarterly reports$153.2 millionJune 30, 1991
Equity to assets2.0%March 31, 1993
Loans not being repaid3.3%noncurrent, March 31, 1993
Return on assets-2.19%a year's rate, March 31, 1993
Staff44full time, March 31, 1993
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.