The Graveyard › Banks › 1989
First California Savings
Orange, CA · failed April 6, 1989 · FDIC certificate 32560
First California Savings of Orange, CA failed on April 6, 1989. It opened on October 15, 1987, 1 year before. At its last report before that it held $161.4 million in assets and $194.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $205.4 million. The FDIC estimates that the Resolution Trust Corporation lost $73.7 million on it.
1987-121989-03
Assets at the end$161.4 millionlast report before April 6, 1989
Deposits at the end$194.5 million
Estimated loss to the fund$73.7 millionRTC
Largest in the quarterly reports$205.4 millionDecember 31, 1987
Equity to assets-47.7%March 31, 1989
Loans not being repaid6.5%noncurrent, March 31, 1989
Return on assets-4.55%a year's rate, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.