The Graveyard › Banks › 1991
Manilabank
Los Angeles, CA · failed March 8, 1991 · FDIC certificate 24588
Manilabank of Los Angeles, CA failed on March 8, 1991. It opened on July 20, 1983, 7 years before. At its last report before that it held $20.8 million in assets and $20.3 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1989, it held $34.6 million. The FDIC estimates that the Bank Insurance Fund lost $3.9 million on it.
1984-031990-12
Assets at the end$20.8 millionlast report before March 8, 1991
Deposits at the end$20.3 million
Estimated loss to the fund$3.9 millionBIF
Largest in the quarterly reports$34.6 millionJune 30, 1989
Equity to assets0.7%December 31, 1990
Loans not being repaid11.0%noncurrent, December 31, 1990
Return on assets-9.33%a year's rate, December 31, 1990
Staff16full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.