The Graveyard › Banks › 2009

First Federal Bank of California, a Federal Savings Bank

Santa Monica, CA · failed December 18, 2009 · FDIC certificate 28536

First Federal Bank of California, a Federal Savings Bank of Santa Monica, CA failed on December 18, 2009. It opened in 1929, 80 years before. At its last report before that it held $6.1 billion in assets and $4.5 billion in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2006, it held $10.6 billion. The FDIC's list records no loss to the Deposit Insurance Fund.

1984-032009-09

Assets at the end$6.1 billionlast report before December 18, 2009

Deposits at the end$4.5 billion

Estimated loss to the fundnone recordedDIF

Largest in the quarterly reports$10.6 billionMarch 31, 2006

Equity to assets4.3%September 30, 2009

Loans not being repaid6.9%noncurrent, September 30, 2009

Return on assets-2.75%a year's rate, September 30, 2009

Staff509full time, September 30, 2009

On the FDIC's list: FIRST FEDERAL BANK OF CALIFORNIA, A FEDERAL SAVINGS BANK.

Could you have seen it coming? Play The Crash of '08

Also ended in 2009

Bank of America N.A. · Charlotte · $1.47 trillion in assets · assisted
FIA Card Services N.A. · Wilmington · $159.6 billion in assets · assisted
Countrywide Bank, FSB · Alexandria · $118.0 billion in assets · assisted
Merrill Lynch Bank USA · Salt Lake City · $61.8 billion in assets · assisted
Merrill Lynch Bank & Trust Co., FSB · New York · $38.0 billion in assets · assisted
Bank of America Rhode Island N.A. · Providence · $35.4 billion 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.