The Graveyard › Banks › 1985
South Coast Bank
Costa Mesa, CA · failed April 12, 1985 · FDIC certificate 21984
South Coast Bank of Costa Mesa, CA failed on April 12, 1985. It opened on April 21, 1975, 9 years before. At its last report before that it held $31.3 million in assets and $29.5 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.
1984-031984-12
Assets at the end$31.3 millionlast report before April 12, 1985
Deposits at the end$29.5 million
Estimated loss to the fund$1.2 millionFDIC
Equity to assets2.6%December 31, 1984
Loans not being repaid13.2%noncurrent, December 31, 1984
Return on assets-2.74%a year's rate, December 31, 1984
Staff43full time, December 31, 1984
Also ended in 1985
- Bowery Savings Bank · New York · $5.3 billion in assets · assisted
- Beverly Hills S&LA · Beverly Hills · $2.9 billion in assets · assisted
- Central S&LA · San Diego · $2.3 billion in assets · assisted
- Bell S&LA · San Mateo · $1.6 billion in assets · assisted
- Eureka Fs&La · San Carlos · $1.6 billion in assets · assisted
- Sunrise, S&LA · Lake Worth, FL · $1.5 billion 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.