The Graveyard › Banks › 1995
Pacific Heritage Bank
Torrance, CA · failed July 28, 1995 · FDIC certificate 23319
Pacific Heritage Bank of Torrance, CA failed on July 28, 1995. It opened on January 16, 1981, 14 years before. At its last report before that it held $147.7 million in assets and $146.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1992, it held $268.0 million. The FDIC estimates that the Bank Insurance Fund lost $19.3 million on it.
1984-031995-06
Assets at the end$147.7 millionlast report before July 28, 1995
Deposits at the end$146.1 million
Estimated loss to the fund$19.3 millionBIF
Largest in the quarterly reports$268.0 millionMarch 31, 1992
Equity to assets0.3%June 30, 1995
Loans not being repaid14.6%noncurrent, June 30, 1995
Return on assets-6.00%a year's rate, June 30, 1995
Staff51full time, June 30, 1995
Also ended in 1995
- Continental Savings of America · San Francisco, CA · $359.4 million in assets
- Guardian Bank · Los Angeles, CA · $316.9 million in assets
- First Trust Bank · Ontario, CA · $227.7 million in assets
- Founders Bank · New Haven, CT · $77.4 million in assets
- American S & L Association · New York, NY · $64.4 million in assets
- Los Angeles Thrift and Loan Company · Los Angeles, CA · $23.4 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.