The Graveyard › Banks › 1991

Mission Valley Bank, National Association

San Clemente, CA · failed October 18, 1991 · FDIC certificate 24565

Mission Valley Bank, National Association of San Clemente, CA failed on October 18, 1991. It opened on June 27, 1983, 8 years before. At its last report before that it held $42.7 million in assets and $40.5 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $45.0 million. The FDIC estimates that the Bank Insurance Fund lost $14.5 million on it.

1984-031991-09

Assets at the end$42.7 millionlast report before October 18, 1991

Deposits at the end$40.5 million

Estimated loss to the fund$14.5 millionBIF

Largest in the quarterly reports$45.0 millionDecember 31, 1990

Equity to assets0.0%September 30, 1991

Loans not being repaid12.9%noncurrent, September 30, 1991

Return on assets-3.46%a year's rate, September 30, 1991

Staff34full time, September 30, 1991

On the FDIC's list: MISSION VALLEY BANK, NATIONAL ASSOC.

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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.