The Graveyard › Banks › 1993
Westside Bank, FSB
Los Angeles, CA · failed September 24, 1993 · FDIC certificate 32229
Westside Bank, FSB of Los Angeles, CA failed on September 24, 1993. It opened on June 26, 1984, 9 years before. At its last report before that it held $81.7 million in assets and $76.9 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1990, it held $134.2 million. The FDIC estimates that the Resolution Trust Corporation lost $21.6 million on it.
1984-061993-06
Assets at the end$81.7 millionlast report before September 24, 1993
Deposits at the end$76.9 million
Estimated loss to the fund$21.6 millionRTC
Largest in the quarterly reports$134.2 millionMarch 31, 1990
Equity to assets3.3%June 30, 1993
Loans not being repaid3.8%noncurrent, June 30, 1993
Return on assets-2.33%a year's rate, June 30, 1993
Staff26full 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.