The Graveyard › Banks › 1992
The Financial Center Bank, N.A.
San Francisco, CA · failed May 4, 1992 · FDIC certificate 25059
The Financial Center Bank, N.A. of San Francisco, CA failed on May 4, 1992. It opened on March 5, 1984, 8 years before. At its last report before that it held $225.2 million in assets and $218.8 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $295.0 million. The FDIC estimates that the Bank Insurance Fund lost $25.6 million on it.
1984-031992-03
Assets at the end$225.2 millionlast report before May 4, 1992
Deposits at the end$218.8 million
Estimated loss to the fund$25.6 millionBIF
Largest in the quarterly reports$295.0 millionSeptember 30, 1990
Equity to assets0.9%March 31, 1992
Loans not being repaid12.4%noncurrent, March 31, 1992
Return on assets4.65%a year's rate, March 31, 1992
Staff151full time, March 31, 1992
Also ended in 1992
- Homefed Bank, FA · San Diego, CA · $12.2 billion in assets
- Crossland Savings Bank, FSB · Brooklyn, NY · $7.4 billion in assets
- Carteret FSB · Madison, NJ · $4.8 billion in assets
- Meritor Savings Bank · Philadelphia, PA · $4.1 billion in assets
- Dollar Dry Dock Bank · White Plains, NY · $4.0 billion in assets
- The Howard Savings Bank · Newark, NJ · $3.5 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.