The Graveyard › Banks › 2010
Los Padres Bank
Solvang, CA · failed August 20, 2010 · FDIC certificate 32165
Los Padres Bank of Solvang, CA failed on August 20, 2010. It opened in 1982, 28 years before. At its last report before that it held $866.5 million in assets and $770.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2008, it held $1.2 billion. The FDIC estimates that the Deposit Insurance Fund lost $3.4 million on it.
1984-032010-06
Assets at the end$866.5 millionlast report before August 20, 2010
Deposits at the end$770.9 million
Estimated loss to the fund$3.4 millionDIF
Largest in the quarterly reports$1.2 billionMarch 31, 2008
Equity to assets3.1%June 30, 2010
Loans not being repaid18.4%noncurrent, June 30, 2010
Return on assets-0.97%a year's rate, June 30, 2010
Staff156full time, June 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.