The Graveyard › Banks › 2010
La Jolla Bank, FSB
La Jolla, CA · failed February 19, 2010 · FDIC certificate 32423
La Jolla Bank, FSB of La Jolla, CA failed on February 19, 2010. It opened on December 5, 1985, 24 years before. At its last report before that it held $3.6 billion in assets and $2.8 billion in deposits. At its largest in the FDIC's quarterly reports, on June 30, 2009, it held $3.9 billion. The FDIC estimates that the Deposit Insurance Fund lost $560.1 million on it.
1985-122009-12
Assets at the end$3.6 billionlast report before February 19, 2010
Deposits at the end$2.8 billion
Estimated loss to the fund$560.1 millionDIF
Largest in the quarterly reports$3.9 billionJune 30, 2009
Equity to assets0.8%December 31, 2009
Loans not being repaid22.6%noncurrent, December 31, 2009
Return on assets-6.66%a year's rate, December 31, 2009
Staff124full time, December 31, 2009
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
- 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
- Amcore Bank, National Association · Rockford, IL · $3.1 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.