Bank Failure
Malibu SB
BankRegReports is independent of Malibu SB and never asks for online banking logins or passwords.
Closed January 11, 1991 · Costa Mesa, CA · FDIC Cert #32134.
- Closing date
- January 11, 1991
- Headquarters
- Costa Mesa, CA
- FDIC Certificate
- 32134
- Total assets at closing
- $139.1M
- Total deposits at closing
- $122.9M
- Estimated loss to the insurance fund
- $22.1M
- Insurance fund
- Resolution Trust Corporation (RTC)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Brentwood Bank of CA
Context
On January 11, 1991, regulators closed Malibu SB, headquartered in Costa Mesa, CA. At closing, the institution held approximately $139.1M in assets and $122.9M in deposits. The FDIC record names Brentwood Bank of CA as the acquiring institution in the resolution. The estimated cost to the Resolution Trust Corporation (RTC) was approximately $22.1M.
By assets at closing this is the 993rd largest of the 3,526 bank failures in the FDIC record, and the 108th of 268 in 1991. It falls in the period the record labels S&L / Banking Crisis (1980-1995), a period with 2,367 failures peaking at 530 in 1989.
Deregulation, interest-rate shocks, and commercial real estate blowups produced the worst US banking failure wave since the Depression. Resulted in FIRREA (1989) and the RTC.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Malibu SB fail?
Malibu SB was closed by regulators on January 11, 1991.
Who acquired Malibu SB?
The FDIC record names Brentwood Bank of CA as the acquiring institution in the resolution of Malibu SB.
How big was Malibu SB when it failed?
Malibu SB had approximately $139.1M in total assets and $122.9M in deposits at the time of failure.
Other failures in 1991
| Date | Bank | Assets |
|---|---|---|
| Dec 20, 1991 | North Ridge Bank | $94.3M |
| Dec 13, 1991 | Investors FSB | $2.06B |
| Dec 13, 1991 | The Bank Mart | $578.2M |
| Dec 13, 1991 | Merchants National Bank | $153.6M |
| Dec 13, 1991 | Bank of East Hartford | $36.6M |
| Dec 13, 1991 | Federal Finance & Mortgage, LTD | $7.7M |
| Dec 12, 1991 | Granite Co-Operative Bank | $103.8M |
| Dec 6, 1991 | Saybrook Bank and Trust Company | $77.3M |
Explore: all failures · CA bank events · 1991 events · events hub