The Graveyard › Banks › 1993
Western United National Bank
Los Angeles, CA · failed September 24, 1993 · FDIC certificate 24654
Western United National Bank of Los Angeles, CA failed on September 24, 1993. It opened on August 22, 1983, 10 years before. At its last report before that it held $23.7 million in assets and $22.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $47.3 million. The FDIC estimates that the Bank Insurance Fund lost $7.2 million on it.
1984-031993-06
Assets at the end$23.7 millionlast report before September 24, 1993
Deposits at the end$22.6 million
Estimated loss to the fund$7.2 millionBIF
Largest in the quarterly reports$47.3 millionMarch 31, 1985
Equity to assets0.2%June 30, 1993
Loans not being repaid9.7%noncurrent, June 30, 1993
Return on assets-6.82%a year's rate, June 30, 1993
Staff14full time, June 30, 1993
Also ended in 1993
- Western FSB · Marina Del Ray, CA · $3.8 billion in assets
- 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
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.