The Graveyard › Banks › 1995
First Trust Bank
Ontario, CA · failed March 3, 1995 · FDIC certificate 3480
First Trust Bank of Ontario, CA failed on March 3, 1995. It opened on March 16, 1887, 107 years before. At its last report before that it held $227.7 million in assets and $223.6 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $440.9 million. The FDIC estimates that the Bank Insurance Fund lost $25.6 million on it.
1984-031994-12
Assets at the end$227.7 millionlast report before March 3, 1995
Deposits at the end$223.6 million
Estimated loss to the fund$25.6 millionBIF
Largest in the quarterly reports$440.9 millionJune 30, 1990
Equity to assets0.6%December 31, 1994
Loans not being repaid12.6%noncurrent, December 31, 1994
Return on assets-2.95%a year's rate, December 31, 1994
Staff175full time, December 31, 1994
Also ended in 1995
- Continental Savings of America · San Francisco, CA · $359.4 million in assets
- Guardian Bank · Los Angeles, CA · $316.9 million in assets
- Pacific Heritage Bank · Torrance, CA · $147.7 million in assets
- Founders Bank · New Haven, CT · $77.4 million in assets
- American S & L Association · New York, NY · $64.4 million in assets
- Los Angeles Thrift and Loan Company · Los Angeles, CA · $23.4 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.