The Graveyard › Banks › 1990

The Wilshire Bank, National Association

Los Angeles, CA · failed May 31, 1990 · FDIC certificate 23499

The Wilshire Bank, National Association of Los Angeles, CA failed on May 31, 1990. It opened on July 16, 1981, 8 years before. At its last report before that it held $24.8 million in assets and $23.9 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $42.4 million. The FDIC estimates that the Bank Insurance Fund lost $3.4 million on it.

1984-031990-03

Assets at the end$24.8 millionlast report before May 31, 1990

Deposits at the end$23.9 million

Estimated loss to the fund$3.4 millionBIF

Largest in the quarterly reports$42.4 millionDecember 31, 1986

Equity to assets0.3%March 31, 1990

Loans not being repaid2.9%noncurrent, March 31, 1990

Return on assets-1.32%a year's rate, March 31, 1990

Staff25full time, March 31, 1990

On the FDIC's list: THE WILSHIRE BANK, NATIONAL ASSOC.

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Also ended in 1990

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Empire of America FSB · Buffalo, NY · $8.2 billion in assets
Merabank FSB · Phoenix, AZ · $6.3 billion in assets
Southwest Savings Association · Dallas, TX · $5.3 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.