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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
→
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
Mar 3, 1995 First Trust Bank Ontario $227.7M First State Bank of Califor
Jan 20, 1995 Guardian Bank Los Angeles $316.9M Imperial Bank
Dec 16, 1994 Cornerstone Bank FSB Mission Viejo $44.3M California FB, a FSB
Aug 26, 1994 Capital Bank Downey $76.9M Landmark Bank
Aug 12, 1994 Bank of Newport Newport Beach $167.8M Union Bank
Jul 29, 1994 Commerce Bank Newport Beach $142.3M California State Bank
Jul 29, 1994 Western Community Bank Corona $54.0M Bank of San Bernardino
Jul 15, 1994 Bank of San Pedro Los Angeles $132.6M Home Bank
Jul 8, 1994 Pioneer Bank Fullerton $133.2M Chino Valley Bank
Jun 3, 1994 Encino Savings Bank, FSB Encino $92.5M American SB, F.A.
May 19, 1994 Barbary Coast National Bank San Francisco $10.7M Metropolitan Bank
Apr 1, 1994 Mechanics National Bank Paramount $148.7M Home Bank
Nov 5, 1993 Century Thrift and Loan Los Angeles $31.9M —
Oct 29, 1993 The Bank of San Diego San Diego $294.3M Grossmont Bank
Oct 21, 1993 Mid City Bank, N.A. Brea $105.7M Chino Valley Bank
Oct 15, 1993 Brentwood Thrift and Loan Association Los Angeles $12.9M —
Sep 24, 1993 Westside Bank, FSB Los Angeles $81.7M Deposit payout
Sep 24, 1993 Western United National Bank Los Angeles $23.7M —
Sep 17, 1993 Regent Thrift and Loan Association San Francisco $35.8M Metropolitan Bank
Sep 10, 1993 Amador Valley S & L Pleasanton $41.9M Community First NB
Aug 27, 1993 Maritime Bank of California Los Angeles $31.8M Western Bank
Aug 13, 1993 Golden State FSB Irvine $50.6M Deposit payout
Jul 9, 1993 First California Bank La Mesa $79.4M Valle De Oro Bank N.A.
Jul 9, 1993 City Thrift and Loan Association Los Angeles $39.4M —
Jun 18, 1993 Capital Bank of California Los Angeles $227.7M —
Jun 18, 1993 American Bank and Trust San Jose $35.6M Bank of Santa Clara
Jun 4, 1993 Western FSB Marina Del Ray $3.80B Branch sale
May 21, 1993 Palos Verdes National Bank Rolling Hills Est $45.6M Peninsula Bank National
May 6, 1993 Wilshire Center Bank, Los Angeles $9.7M California Center Bank
Apr 30, 1993 American Commerce National Bank Anaheim $139.1M Southern California Bank
Apr 15, 1993 First Western Bank, N.A. San Diego $16.2M Peninsula Bank of San Di
Apr 8, 1993 Premier Bank Northridge $73.0M Trans-World Bank
Apr 2, 1993 Olympic National Bank Los Angeles $82.4M Western Bank
Mar 4, 1993 First American Capital Bank, N.A Laguna Beach $28.5M Orange National Bank
Jan 29, 1993 Vista FSA Canoga Park $105.1M Deposit payout
Jan 22, 1993 Columbia National Bank Santa Monica $47.6M Western Bank
Dec 4, 1992 Huntington Pacific Thrift & Loan Huntington $40.5M —
Nov 13, 1992 Statewide Thrift and Loan Co. Redwood City $9.6M Fireside Thrift Co
Oct 30, 1992 Homestead FSA San Francisco $1.31B Branch sale
Jul 6, 1992 Homefed Bank, F.A. San Diego $12.18B Branch sale
Jun 19, 1992 First Newport FSB Newport Beach $35.0M Sterling B&T, FSB
Jun 12, 1992 San Clemente FSB San Clemente $220.4M Household Bank, FSB
Jun 12, 1992 American Interstate Bank Newport Beach $42.0M Marine National Bank
May 29, 1992 North American Thrift and Loan Corona Del Mar $21.3M —
May 4, 1992 The Financial Center Bank, N.A. San Francisco $225.2M —
Apr 24, 1992 Valley Commercial Bank Stockton $30.8M Union Safe Deposit Bank
Apr 10, 1992 Valley FS & La Van Nuys $2.00B American SB, F.A.
Apr 3, 1992 The Bank of Beverly Hills Beverly Hills $125.9M —
Mar 27, 1992 Placer Bank of Commerce Roseville $34.8M American River Bank
Mar 20, 1992 United Mercantile B & T Co, N.A. Pasadena $36.5M Onecentral Bank

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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