The Graveyard › Banks › 1993
Wilshire Center Bank,
Los Angeles, CA · failed May 6, 1993 · FDIC certificate 24653
Wilshire Center Bank, of Los Angeles, CA failed on May 6, 1993. It opened on August 15, 1983, 9 years before. At its last report before that it held $9.7 million in assets and $9.4 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1989, it held $68.3 million. The FDIC estimates that the Bank Insurance Fund lost $5.9 million on it.
1984-031993-03
Assets at the end$9.7 millionlast report before May 6, 1993
Deposits at the end$9.4 million
Estimated loss to the fund$5.9 millionBIF
Largest in the quarterly reports$68.3 millionMarch 31, 1989
Equity to assets1.6%March 31, 1993
Loans not being repaid31.3%noncurrent, March 31, 1993
Return on assets-6.87%a year's rate, March 31, 1993
Staff9full time, March 31, 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.