The Graveyard › Banks › 1993
Olympic National Bank
Los Angeles, CA · failed April 2, 1993 · FDIC certificate 24564
Olympic National Bank of Los Angeles, CA failed on April 2, 1993. It opened on June 24, 1983, 9 years before. At its last report before that it held $82.4 million in assets and $80.5 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1991, it held $160.6 million. The FDIC estimates that the Bank Insurance Fund lost $25.2 million on it.
1984-031993-03
Assets at the end$82.4 millionlast report before April 2, 1993
Deposits at the end$80.5 million
Estimated loss to the fund$25.2 millionBIF
Largest in the quarterly reports$160.6 millionSeptember 30, 1991
Equity to assets-1.2%March 31, 1993
Loans not being repaid16.7%noncurrent, March 31, 1993
Return on assets-3.55%a year's rate, March 31, 1993
Staff47full time, March 31, 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.