The Graveyard › Banks › 2010
First Vietnamese American Bank
Westminster, CA · failed November 5, 2010 · FDIC certificate 57885
First Vietnamese American Bank of Westminster, CA failed on November 5, 2010. It opened on May 11, 2005, 5 years before. At its last report before that it held $48.0 million in assets and $47.0 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 2009, it held $65.2 million. The FDIC estimates that the Deposit Insurance Fund lost $14.3 million on it.
2005-062010-09
Assets at the end$48.0 millionlast report before November 5, 2010
Deposits at the end$47.0 million
Estimated loss to the fund$14.3 millionDIF
Largest in the quarterly reports$65.2 millionSeptember 30, 2009
Equity to assets1.3%September 30, 2010
Loans not being repaid12.5%noncurrent, September 30, 2010
Return on assets-4.98%a year's rate, September 30, 2010
Staff15full time, September 30, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 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.