The Graveyard › Banks › 1993
Western FSB
Marina Del Ray, CA · failed June 4, 1993 · FDIC certificate 29671
Western FSB of Marina Del Ray, CA failed on June 4, 1993. It opened on April 20, 1936, 57 years before. At its last report before that it held $3.8 billion in assets and $2.7 billion in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1990, it held $5.0 billion. The FDIC estimates that the Resolution Trust Corporation lost $107.9 million on it.
1984-031993-03
Assets at the end$3.8 billionlast report before June 4, 1993
Deposits at the end$2.7 billion
Estimated loss to the fund$107.9 millionRTC
Largest in the quarterly reports$5.0 billionDecember 31, 1990
Equity to assets3.6%March 31, 1993
Loans not being repaid5.9%noncurrent, March 31, 1993
Return on assets0.88%a year's rate, March 31, 1993
Staff753full time, March 31, 1993
Also ended in 1993
- Old Stone SB · Providence, RI · $1.8 billion in assets
- New England Savings Bank · New London, CT · $914.9 million in assets
- First National Bank of Vermont · Bradford, VT · $295.8 million in assets
- The Bank of San Diego · San Diego, CA · $294.3 million in assets
- Jefferson National Bank · Watertown, NY · $256.0 million in assets
- Capital Bank of California · Los Angeles, CA · $227.7 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.