The Graveyard › Banks › 1993
Maritime Bank of California
Los Angeles, CA · failed August 27, 1993 · FDIC certificate 23135
Maritime Bank of California of Los Angeles, CA failed on August 27, 1993. It opened on June 10, 1980, 13 years before. At its last report before that it held $31.8 million in assets and $30.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $78.5 million. The FDIC estimates that the Bank Insurance Fund lost $5.9 million on it.
1984-031993-06
Assets at the end$31.8 millionlast report before August 27, 1993
Deposits at the end$30.9 million
Estimated loss to the fund$5.9 millionBIF
Largest in the quarterly reports$78.5 millionDecember 31, 1986
Equity to assets0.8%June 30, 1993
Loans not being repaid15.4%noncurrent, June 30, 1993
Return on assets-5.27%a year's rate, June 30, 1993
Staff21full time, June 30, 1993
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million 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.