The Graveyard › Banks › 1987
New City Bank
Orange, CA · failed March 20, 1987 · FDIC certificate 24789
New City Bank of Orange, CA failed on March 20, 1987. It opened on October 18, 1983, 3 years before. At its last report before that it held $26.0 million in assets and $25.8 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $39.0 million. The FDIC estimates that the FDIC's insurance fund lost $5.6 million on it.
1984-031986-12
Assets at the end$26.0 millionlast report before March 20, 1987
Deposits at the end$25.8 million
Estimated loss to the fund$5.6 millionFDIC
Largest in the quarterly reports$39.0 millionDecember 31, 1985
Equity to assets0.3%December 31, 1986
Loans not being repaid20.7%noncurrent, December 31, 1986
Return on assets-10.53%a year's rate, December 31, 1986
Staff26full time, December 31, 1986
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.