The Graveyard › Banks › 1994
Western Community Bank
Corona, CA · failed July 29, 1994 · FDIC certificate 23157
Western Community Bank of Corona, CA failed on July 29, 1994. It opened on July 15, 1980, 14 years before. At its last report before that it held $54.0 million in assets and $53.1 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1992, it held $79.3 million. The FDIC estimates that the Bank Insurance Fund lost $2.6 million on it.
1984-031994-06
Assets at the end$54.0 millionlast report before July 29, 1994
Deposits at the end$53.1 million
Estimated loss to the fund$2.6 millionBIF
Largest in the quarterly reports$79.3 millionJune 30, 1992
Equity to assets1.3%June 30, 1994
Loans not being repaid12.6%noncurrent, June 30, 1994
Return on assets-11.19%a year's rate, June 30, 1994
Staff42full time, June 30, 1994
Also ended in 1994
- The Bank of Hartford · Hartford, CT · $321.5 million in assets
- Ludlow Savings Bank · Ludlow, MA · $222.7 million in assets
- Bank of Newport · Newport Beach, CA · $167.8 million in assets
- Mechanics National Bank · Paramount, CA · $148.7 million in assets
- CommerceBank · Newport Beach, CA · $142.3 million in assets
- Pioneer Bank · Fullerton, CA · $133.3 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.