The Graveyard › Banks › 2008
First Heritage Bank, N.A.
Newport Beach, CA · failed July 25, 2008 · FDIC certificate 57961
First Heritage Bank, N.A. of Newport Beach, CA failed on July 25, 2008. It opened on February 15, 2005, 3 years before. At its last report before that it held $255.4 million in assets and $234.8 million in deposits. The FDIC estimates that the Deposit Insurance Fund lost $92.1 million on it.
2005-032008-06
Assets at the end$255.4 millionlast report before July 25, 2008
Deposits at the end$234.8 million
Estimated loss to the fund$92.1 millionDIF
Largest in the quarterly reports$255.4 millionJune 30, 2008
Equity to assets6.2%June 30, 2008
Loans not being repaid8.4%noncurrent, June 30, 2008
Return on assets-5.28%a year's rate, June 30, 2008
Staff25full time, June 30, 2008
On the FDIC's list: FIRST HERITAGE BANK N.A..
Could you have seen it coming? Play The Crash of '08Also ended in 2008
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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.