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 | Assets |
|---|---|---|
| May 1, 2023 | First Republic Bank | $212.64B |
| Mar 10, 2023 | Silicon Valley Bank | $209.03B |
| Jul 11, 2008 | Indymac Bank F.S.B | $30.70B |
| Mar 31, 1989 | Gibraltar Savings, F.A. | $13.38B |
| Nov 21, 2008 | Downey Savings and Loan Association, F.A. | $12.78B |
| Jul 6, 1992 | Homefed Bank, F.A. | $12.18B |
| Nov 6, 2009 | United Commercial Bank | $10.90B |
| Feb 23, 1990 | Imperial Federal Savings Assoc. | $9.58B |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Oct 30, 2009 | California National Bank | $7.78B |
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 | Assets |
|---|---|---|
| Feb 28, 1992 | Mission Viejo National Bank | $114.6M |
| Jan 30, 1992 | Independence Bank | $535.8M |
| Jan 24, 1992 | Advanced FSB | $23.1M |
| Jan 3, 1992 | Assured Thrift and Loan Association | $48.2M |
| Nov 8, 1991 | Delta FSB | $52.4M |
| Oct 18, 1991 | Mission Valley Bank, National Assoc | $42.7M |
| Sep 27, 1991 | Santa Paula S & La | $280.7M |
| Sep 27, 1991 | Gold River SB | $24.1M |
| Sep 6, 1991 | Heartland S & La | $121.7M |
| Aug 9, 1991 | Great American FSA | $9.52B |
| Jul 26, 1991 | Atlantic Financial FSB | $448.9M |
| Jul 12, 1991 | Pan American FSB | $287.2M |
| Jul 12, 1991 | Landmark Thrift and Loan Association | $16.6M |
| Jun 21, 1991 | Guardian FSA | $682.1M |
| May 31, 1991 | Enterprise S&LA | $13.5M |
| May 24, 1991 | Progressive Savings Bank | $388.3M |
| Apr 26, 1991 | Executive SB, FSB | $58.6M |
| Mar 27, 1991 | County Bank, FSB | $1.17B |
| Mar 8, 1991 | Manilabank | $20.8M |
| Feb 8, 1991 | Unity FS & La | $454.5M |
| Jan 25, 1991 | Columbia Savings & Loan ASSN. | $5.36B |
| Jan 25, 1991 | Alvarado Bank | $33.5M |
| Jan 18, 1991 | Beach Federal Savings Assoc. | $81.8M |
| Jan 11, 1991 | Far West Savings & Loan | $3.71B |
| Jan 11, 1991 | Malibu SB | $139.1M |
| Dec 14, 1990 | Far Western Bank | $154.3M |
| Nov 16, 1990 | Liberty Federal Savings Bank | $53.8M |
| Oct 26, 1990 | Rancho Bernardo FED. SAV. Bank | $118.6M |
| Aug 10, 1990 | First Pacific Bank | $118.8M |
| Jun 15, 1990 | Charter Savings Bank | $313.9M |
| Jun 8, 1990 | The Merchants Bank of California | $62.4M |
| Jun 1, 1990 | Time FS & La | $57.9M |
| May 31, 1990 | The Wilshire Bank, National Assoc | $24.8M |
| May 4, 1990 | Peninsula S & La | $51.8M |
| Apr 27, 1990 | Santa Barbara S & L Assoc. | $4.29B |
| Apr 20, 1990 | First Network Savings Bank | $303.8M |
| Apr 12, 1990 | Constitution FED. Savings Assoc. | $66.4M |
| Mar 16, 1990 | Pacific Coast S & La | $1.04B |
| Mar 9, 1990 | Westport Federal Savings Bank | $169.6M |
| Feb 23, 1990 | Imperial Federal Savings Assoc. | $9.58B |
| Feb 23, 1990 | Mercury Savings | $2.16B |
| Feb 16, 1990 | Western Empire FS & La | $406.6M |
| Feb 9, 1990 | Huntington FS & La | $120.4M |
| Jan 11, 1990 | Investment FS & La | $247.8M |
| Jan 11, 1990 | Wilshire FS & La | $78.1M |
| Jan 11, 1990 | Financial FS & La | $31.2M |
| Dec 20, 1989 | United Community Bank | $32.3M |
| Nov 30, 1989 | Brookside Federal S & L | $601.4M |
| Nov 16, 1989 | Security FED. Savings Association | $71.0M |
| Nov 9, 1989 | Saratoga S & L Association | $84.5M |
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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