The Graveyard › Banks › 1984
Garden Grove Community Bank
Garden Grove, CA · failed June 1, 1984 · FDIC certificate 22848
Garden Grove Community Bank of Garden Grove, CA failed on June 1, 1984. It opened on April 24, 1979, 5 years before. At its last report before that it held $43.9 million in assets and $41.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $5.4 million on it.
Assets at the end$43.9 millionlast report before June 1, 1984
Deposits at the end$41.1 million
Estimated loss to the fund$5.4 millionFDIC
Equity to assets3.7%March 31, 1984
Loans not being repaid4.4%noncurrent, March 31, 1984
Return on assets1.07%a year's rate, March 31, 1984
Staff40full time, March 31, 1984
Also ended in 1984
- Continental Illinois National Bank & Trust · Chicago · $40.0 billion in assets · assisted
- Continental Fs&La · Cleveland · $1.0 billion in assets · assisted
- San Marino S&LA · San Marino, CA · $856.8 million in assets
- Suburbia Fs&La · Garden City · $660.2 million in assets · assisted
- Century Fs&La · Cedarhurst · $651.7 million in assets · assisted
- Orange Savings Bank · Livingston · $513.4 million 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.