The Graveyard › Banks › 1990
First Pacific Bank
Beverly Hills, CA · failed August 10, 1990 · FDIC certificate 20816
First Pacific Bank of Beverly Hills, CA failed on August 10, 1990. It opened on September 28, 1972, 17 years before. At its last report before that it held $118.8 million in assets and $113.2 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $43.4 million on it.
1984-031990-06
Assets at the end$118.8 millionlast report before August 10, 1990
Deposits at the end$113.2 million
Estimated loss to the fund$43.4 millionBIF
Largest in the quarterly reports$120.0 millionMarch 31, 1990
Equity to assets2.5%June 30, 1990
Loans not being repaid7.9%noncurrent, June 30, 1990
Return on assets-1.22%a year's rate, June 30, 1990
Staff68full time, June 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 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.