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Failures by State

Bank Failures in California

238 FDIC-insured banks headquartered in California have failed since 1940, the 2nd most of any state or territory. The most recent was First Republic Bank on May 1, 2023. The worst year was 1989, with 28 failures. Failed banks held $624.99B in assets at closing.

238
Failures
1940 to 2023
$624.99B
Failed assets
At closing
$61.40B
Estimated DIF loss
FDIC estimate
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All California events
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Largest bank failures in California

Date Bank City Assets Acquirer or resolution
May 1, 2023 First Republic Bank San Francisco $212.64B JPMorgan Chase Bank, N.A.
Mar 10, 2023 Silicon Valley Bank Santa Clara $209.03B First-Citizens Bank & Trust Company
Jul 11, 2008 Indymac Bank F.S.B Pasadena $30.70B Onewest Bank, FSB
Mar 31, 1989 Gibraltar Savings, F.A. Simi Valley $13.38B Security Pacific NB, N.A.
Nov 21, 2008 Downey Savings and Loan Association, F.A. Newport Beach $12.78B U.S. Bank, N.A.
Jul 6, 1992 Homefed Bank, F.A. San Diego $12.18B Branch sale
Nov 6, 2009 United Commercial Bank San Francisco $10.90B East West Bank
Feb 23, 1990 Imperial Federal Savings Assoc. San Diego $9.58B Branch sale
Aug 9, 1991 Great American FSA San Diego $9.52B Branch sale
Oct 30, 2009 California National Bank Los Angeles $7.78B U.S. Bank, N.A.

California bank failures by year

Year Failures Failed assets
2023 2 $421.66B
2014 1 $80.7M
2012 1 $129.3M
2011 4 $953.1M
2010 12 $9.21B
2009 17 $45.36B
2008 5 $47.98B
2003 1 $904.3M
2000 1 $7.9M
1999 1 $127.3M
1996 2 $44.1M
1995 5 $1.08B
1994 10 $1.00B
1993 24 $5.44B
1992 18 $17.03B
1991 21 $22.92B
1990 21 $19.45B
1989 28 $23.24B
1988 3 $111.2M
1987 12 $844.7M
1986 17 $2.46B
1985 11 $1.68B
1984 7 $1.41B
1983 6 $455.1M
1982 2 $35.3M
1976 1 $56.0M
1973 1 $1.27B
1965 1 $54.1M
1964 1 $2.6M
1955 1 $3.1M
1940 1 —

Every bank failure in California

Date Bank City Assets Acquirer or resolution
May 1, 2023 First Republic Bank San Francisco $212.64B JPMorgan Chase Bank, N.A.
Mar 10, 2023 Silicon Valley Bank Santa Clara $209.03B First-Citizens Bank & Trust Company
Nov 7, 2014 Frontier Bank, FSB Palm Desert $80.7M Bank of Southern California, N.A.
Apr 27, 2012 Palm Desert National Bank Palm Desert $129.3M Pacific Premier Bank
Sep 23, 2011 Citizens Bank of Northern California Nevada City $288.8M Tri Counties Bank
Feb 18, 2011 San Luis Trust Bank, FSB San Luis Obispo $332.6M First California Bank
Feb 18, 2011 Charter Oak Bank Napa $120.8M Bank of Marin
Feb 11, 2011 Canyon National Bank Palm Springs $210.9M Pacific Premier Bank
Nov 5, 2010 Western Commercial Bank Woodland Hills $98.6M First California Bank
Nov 5, 2010 First Vietnamese American Bank Westminster $48.0M Grandpoint Bank
Aug 20, 2010 Los Padres Bank Solvang $866.5M Pacific Western Bank
Aug 20, 2010 Butte Community Bank Chico $498.8M Rabobank, N.A.
Aug 20, 2010 Sonoma Valley Bank Sonoma $337.1M Westamerica Bank
Aug 20, 2010 Pacific State Bank Stockton $312.1M Rabobank, N.A.
May 28, 2010 Granite Community Bank, N.A. Granite Bay $102.9M Tri Counties Bank
May 7, 2010 1st Pacific Bank of California San Diego $335.8M City National Bank
Apr 16, 2010 Tamalpais Bank San Rafael $611.5M Union Bank, N.A.
Apr 16, 2010 Innovative Bank Oakland $266.8M Center Bank
Feb 19, 2010 La Jolla Bank, FSB La Jolla $3.65B Onewest Bank, FSB
Jan 29, 2010 First Regional Bank Los Angeles $2.08B First-Citizens Bank & Trust Company
Dec 18, 2009 First Federal Bank of California, a Federal Savings Bank Santa Monica $6.14B Onewest Bank, FSB
Dec 18, 2009 Imperial Capital Bank La Jolla $4.05B City National Bank
Nov 13, 2009 Pacific Coast National Bank San Clemente $131.4M Sunwest Bank
Nov 6, 2009 United Commercial Bank San Francisco $10.90B East West Bank
Oct 30, 2009 California National Bank Los Angeles $7.78B U.S. Bank, N.A.
Oct 30, 2009 San Diego National Bank San Diego $3.59B U.S. Bank, N.A.
Oct 30, 2009 Pacific National Bank San Francisco $2.32B U.S. Bank, N.A.
Oct 16, 2009 San Joaquin Bank Bakersfield $766.4M Citizens Business Bank
Aug 28, 2009 Affinity Bank Ventura $1.21B Pacific Western Bank
Jul 17, 2009 Vineyard Bank, N.A. Rancho Cucamonga $1.64B California Bank & Trust
Jul 17, 2009 Temecula Valley Bank Temecula $1.40B First-Citizens Bank and Trust Company
Jun 26, 2009 Mirae Bank Los Angeles $480.6M Wilshire State Bank
Jun 26, 2009 Metropacific Bank Irvine $75.3M Sunwest Bank
Apr 24, 2009 First Bank of Beverly Hills Calabasas $1.26B —
Feb 6, 2009 County Bank Merced $1.71B Westamerica Bank
Feb 6, 2009 Alliance Bank Culver City $1.11B California Bank and Trust
Jan 23, 2009 1st Centennial Bank Redlands $798.0M First California Bank
Nov 21, 2008 Downey Savings and Loan Association, F.A. Newport Beach $12.78B U.S. Bank, N.A.
Nov 21, 2008 PFF Bank & Trust Pomona $3.72B U.S. Bank, N.A.
Nov 7, 2008 Security Pacific Bank San Diego $528.0M Pacific Western Bank
Jul 25, 2008 First Heritage Bank N.A. Newport Beach $255.4M Mutual of Omaha Bank
Jul 11, 2008 Indymac Bank F.S.B Pasadena $30.70B Onewest Bank, FSB
Feb 7, 2003 Southern Pacific Bank Torrance $904.3M Beal Bank S.S.B.
Jun 2, 2000 Monument National Bank Ridgecrest $7.9M Israel Discount Bank of New
Nov 22, 1999 Pacific Thrift and Loan Co Woodland Hills $127.3M Affinity Bank
Aug 16, 1996 Commonwealth Thrift & Loan Torrance $11.5M Frontier State Bank
Aug 9, 1996 Union Federal Bank, FSB Los Angeles $32.6M Dean Witter Trust FSB
Jul 28, 1995 Pacific Heritage Bank Torrance $147.7M California Federal Bank , a
Apr 28, 1995 Continental Savings of America San Francisco $359.4M California FB, FSB
Mar 31, 1995 Los Angeles Thrift and Loan Company Los Angeles $23.4M California Federal Bank, a

Source: FDIC failed-bank list. Counts are real closures by headquarters state; FDIC open-bank assistance transactions are not failures and are excluded. Assets and deposits are as reported at closing.

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