The Graveyard › Banks › 1989
United Community Bank
Westlake Village, CA · failed December 20, 1989 · FDIC certificate 23419
United Community Bank of Westlake Village, CA failed on December 20, 1989. It opened on May 26, 1981, 8 years before. At its last report before that it held $32.3 million in assets and $29.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1987, it held $35.8 million. The FDIC estimates that the Bank Insurance Fund lost $1.4 million on it.
1984-031989-09
Assets at the end$32.3 millionlast report before December 20, 1989
Deposits at the end$29.3 million
Estimated loss to the fund$1.4 millionBIF
Largest in the quarterly reports$35.8 millionDecember 31, 1987
Equity to assets2.4%September 30, 1989
Loans not being repaid0.8%noncurrent, September 30, 1989
Return on assets-2.99%a year's rate, September 30, 1989
Staff24full time, September 30, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.