The Graveyard › Banks › 1993
Palos Verdes National Bank
Rolling Hills Est · failed May 21, 1993 · FDIC certificate 23796
Palos Verdes National Bank of Rolling Hills Est failed on May 21, 1993. It opened on April 19, 1982, 11 years before. At its last report before that it held $45.6 million in assets and $47.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1991, it held $65.6 million. The FDIC estimates that the Bank Insurance Fund lost $10.3 million on it.
1984-031993-03
Assets at the end$45.6 millionlast report before May 21, 1993
Deposits at the end$47.8 million
Estimated loss to the fund$10.3 millionBIF
Largest in the quarterly reports$65.6 millionSeptember 30, 1991
Equity to assets-6.3%March 31, 1993
Loans not being repaid11.4%noncurrent, March 31, 1993
Return on assets-5.00%a year's rate, March 31, 1993
Staff23full 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.