The Graveyard › Banks › 1994
Pioneer Bank
Fullerton, CA · failed July 8, 1994 · FDIC certificate 23448
Pioneer Bank of Fullerton, CA failed on July 8, 1994. It opened on May 14, 1981, 13 years before. At its last report before that it held $133.3 million in assets and $128.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1992, it held $223.3 million. The FDIC estimates that the Bank Insurance Fund lost $14.5 million on it.
1984-031994-03
Assets at the end$133.3 millionlast report before July 8, 1994
Deposits at the end$128.4 million
Estimated loss to the fund$14.5 millionBIF
Largest in the quarterly reports$223.3 millionMarch 31, 1992
Equity to assets3.1%March 31, 1994
Loans not being repaid16.5%noncurrent, March 31, 1994
Return on assets0.23%a year's rate, March 31, 1994
Staff56full time, March 31, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 million in assets
- Ludlow Savings Bank · Ludlow, MA · $222.7 million in assets
- Bank of Newport · Newport Beach, CA · $167.8 million in assets
- Mechanics National Bank · Paramount, CA · $148.7 million in assets
- CommerceBank · Newport Beach, CA · $142.3 million in assets
- Bank of San Pedro · Los Angeles, CA · $132.6 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.