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 |
|---|---|---|
| Apr 11, 1986 | Center National Bank | $47.7M |
| Mar 27, 1986 | Westwood S&LA | $583.2M |
| Feb 14, 1986 | American Diversified Savings Bank | $978.6M |
| Feb 12, 1986 | MT. Whitney S&LA | $81.6M |
| Feb 7, 1986 | Valencia Bank | $101.1M |
| Jan 9, 1986 | Manhattan Beach S&LA | $51.1M |
| Dec 20, 1985 | First City Bank | $35.8M |
| Nov 22, 1985 | California Heritage Bank | $24.1M |
| Oct 18, 1985 | Farmers Savings Bank | $590.3M |
| Aug 28, 1985 | Presidio S&LA | $284.5M |
| Aug 20, 1985 | Centennial S&LA | $368.2M |
| Apr 26, 1985 | First Enterprise Bank | $43.8M |
| Apr 12, 1985 | South Coast Bank | $31.3M |
| Apr 5, 1985 | Capistrano National Bank | $58.2M |
| Mar 25, 1985 | Golden Valley Bank | $82.2M |
| Mar 8, 1985 | Western Community S&L | $110.6M |
| Feb 8, 1985 | West Valley Bank | $48.3M |
| Dec 7, 1984 | San Marino S&LA | $856.8M |
| Jun 1, 1984 | Garden Grove Community Bank | $43.9M |
| May 18, 1984 | Bank of Irvine | $31.0M |
| May 8, 1984 | The Nat BK of Carmel | $76.2M |
| Apr 27, 1984 | West Coast Bank | $198.2M |
| Mar 16, 1984 | Heritage Bank | $186.1M |
| Feb 10, 1984 | West Olympia Bank | $20.4M |
| May 27, 1983 | The Commercial BK of California | $32.4M |
| Apr 8, 1983 | Bank of San Marino | $13.0M |
| Mar 11, 1983 | Newport Harbour National Bank | $47.3M |
| Feb 25, 1983 | American City Bank | $319.4M |
| Feb 18, 1983 | Merchants & Farmers State Bank | $5.9M |
| Jan 14, 1983 | Valley First FS&LA | $37.1M |
| Aug 27, 1982 | Western National Bank | $25.6M |
| Apr 29, 1982 | Pacific Coast Bank | $9.8M |
| May 21, 1976 | First State Bank of Northern California | $56.0M |
| Oct 18, 1973 | United States National Bank | $1.27B |
| Jan 22, 1965 | San Francisco National Bank | $54.1M |
| Jul 31, 1964 | Frontier Bank | $2.6M |
| Jul 25, 1955 | Joshua Monument Nat Bank-Twentynine Palms | $3.1M |
| Dec 4, 1940 | The American Nat BK of Santa Monica | — |
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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