The Graveyard › Banks › 1986
Saddleback National Bank
Laguna Hills, CA · failed May 15, 1986 · FDIC certificate 24645
Saddleback National Bank of Laguna Hills, CA failed on May 15, 1986. It opened on August 11, 1983, 2 years before. At its last report before that it held $13.5 million in assets and $13.1 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $18.3 million. The FDIC estimates that the FDIC's insurance fund lost $3.9 million on it.
1984-031986-03
Assets at the end$13.5 millionlast report before May 15, 1986
Deposits at the end$13.1 million
Estimated loss to the fund$3.9 millionFDIC
Largest in the quarterly reports$18.3 millionMarch 31, 1985
Equity to assets-0.1%March 31, 1986
Loans not being repaid16.5%noncurrent, March 31, 1986
Return on assets-5.93%a year's rate, March 31, 1986
Staff12full time, March 31, 1986
Also ended in 1986
- Western S&LA · Dallas, TX · $2.0 billion in assets
- The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
- Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
- National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
- Mainland S&LA · Houston, TX · $1.0 billion in assets
- American Diversified Savings Bank · Costa Mesa · $978.6 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.