Number of Banks Failed in year 1993

50


* Dollar amounts in thousands
# Institution Location Date Closed Deposits Assets Estimated Loss
1 COLUMBIA NATIONAL BANK SANTA MONICA, CA 1993-01-22 47627 47618 17631
2 LIFE FSB BATON ROUGE, LA 1993-01-29 16512 16753 2198
3 OLD STONE SB PROVIDENCE, RI 1993-01-29 1704347 1847236 93438
4 VISTA FSA CANOGA PARK, CA 1993-01-29 94489 105114 16501
5 FIRST NATIONAL BANK OF VERMONT BRADFORD, VT 1993-01-29 282378 295784 25528
6 AMERICAN BANK OF HALTOM CITY HALTOM CITY, TX 1993-02-05 100195 99525 14480
7 THE PLANTERS NB OF ROSEBUD ROSEBUD, TX 1993-02-25 13636 13728 1499
8 JEFFERSON NATIONAL BANK WATERTOWN, NY 1993-02-26 248652 256014 43540
9 FIRST AMERICAN CAPITAL BANK, N.A LAGUNA BEACH, CA 1993-03-04 26276 28451 7393
10 THE GUARDIAN BANK, FSB BOCA RATON, FL 1993-03-16 69245 75564 4640
11 UNITED BANK, N.A. LANCASTER, TX 1993-03-18 49016 49805 161
12 FIRST STATE BANK VEGA, TX 1993-04-01 20743 21444 2828
13 PIONEER FS & LA PRAIRIE VILLAGE, KS 1993-04-02 128001 132850 38902
14 MIDLAND BANK OF KANSAS MISSION, KS 1993-04-02 120891 124262 12899
15 COLLEGE BOULEVARD NATIONAL BANK OVERLAND PARK, KS 1993-04-02 190827 202754 15438
16 OLYMPIC NATIONAL BANK LOS ANGELES, CA 1993-04-02 80484 82446 25230
17 PREMIER BANK NORTHRIDGE, CA 1993-04-08 69818 73024 8857
18 FIRST WESTERN BANK, N.A. SAN DIEGO, CA 1993-04-15 15313 16235 3092
19 VALLEY NATIONAL BANK OF FREMONT HAMBURG, IA 1993-04-29 6809 6952 165
20 AMERICAN COMMERCE NATIONAL BANK ANAHEIM, CA 1993-04-30 127661 139087 43596
21 WILSHIRE CENTER BANK, LOS ANGELES, CA 1993-05-06 9391 9677 5919
22 CROWN NATIONAL BANK CHARLOTTE, NC 1993-05-20 24804 26341 1658
23 PALOS VERDES NATIONAL BANK ROLLING HILLS EST, CA 1993-05-21 47775 45633 10296
24 NEW ENGLAND SAVINGS BANK NEW LONDON, CT 1993-05-21 720512 914884 116968
25 WESTERN FSB MARINA DEL RAY, CA 1993-06-04 2704214 3796241 N/A
26 BANKCENTRAL AMARILLO AMARILLO, TX 1993-06-10 34059 34745 2515
27 CAPITAL BANK OF CALIFORNIA LOS ANGELES, CA 1993-06-18 224691 227732 64131
28 AMERICAN BANK AND TRUST SAN JOSE, CA 1993-06-18 34583 35577 5528
29 CITY NATIONAL BANK OF WASHINGTON WASHINGTON, DC 1993-06-25 22716 23984 1023
30 EAGLE BANK OF CHAMPAIGN COUNTY, NATIONAL A RANTOUL, IL 1993-07-01 19706 20188 679
31 WESTHEIMER NATIONAL BANK HOUSTON, TX 1993-07-01 28116 27945 8175
32 JEFFERSON BANK & TRUST LAKEWOOD, CO 1993-07-02 119404 127077 38567
33 EMERALD CITY BANK SEATTLE, WA 1993-07-02 7219 7845 1053
34 CITY THRIFT AND LOAN ASSOCIATION LOS ANGELES, CA 1993-07-09 36977 39383 17697
35 FIRST CALIFORNIA BANK LA MESA, CA 1993-07-09 77014 79395 14330
36 FIDELITY NATIONAL BANK HOUSTON, TX 1993-07-22 50348 52624 5473
37 THE WOLFE CITY NATIONAL BANK WOLFE CITY, TX 1993-07-29 32231 30421 4851
38 NEW ATLANTIC BANK, NA NORFOLK, VA 1993-08-12 14364 15083 792
39 GOLDEN STATE FSB IRVINE, CA 1993-08-13 46554 50629 2279
40 TARRANT BANK FORT WORTH, TX 1993-08-25 59718 62583 7328
41 MARITIME BANK OF CALIFORNIA LOS ANGELES, CA 1993-08-27 30932 31761 5922
42 AMADOR VALLEY S & L PLEASANTON, CA 1993-09-10 41150 41886 2969
43 REGENT THRIFT AND LOAN ASSOCIATION SAN FRANCISCO, CA 1993-09-17 7228 35751 1450
44 WESTERN UNITED NATIONAL BANK LOS ANGELES, CA 1993-09-24 22602 23727 7232
45 WESTSIDE BANK, FSB LOS ANGELES, CA 1993-09-24 76949 81689 21284
46 PLAZA BANK, N.A. OF NEW BRAUNFELS NEW BRAUNFELS, TX 1993-10-14 56897 54647 2725
47 BRENTWOOD THRIFT AND LOAN ASSOCIATION LOS ANGELES, CA 1993-10-15 11481 12920 3323
48 MID CITY BANK, N.A. BREA, CA 1993-10-21 102630 105734 14270
49 THE BANK OF SAN DIEGO SAN DIEGO, CA 1993-10-29 289131 294277 58850
50 CENTURY THRIFT AND LOAN LOS ANGELES, CA 1993-11-05 24486 31876 9553

     
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US Bank Failures Since 1934
FDIC Bank Failures since 1990


Cost of Bank Failures to FDIC


Total Deposits of All Banks Insured by FDIC since 1990


Cost of Bank Failures to FDIC

The Federal Deposit Insurance Corporation is an independent federal agency created in 1933 to promote public confidence and stability in the nation's banking system. The FDIC is often appointed as receiver for failed banks.

What is a bank failure?
A bank failure is the closing of a bank by a federal or state banking regulatory agency. Generally, a bank is closed when it is unable to meet its obligations to depositors and others. This brochure deals with the failure of "insured banks." The term "insured bank" means a bank insured by FDIC, including banks chartered by the federal government as well as most banks chartered by the state governments. An insured bank must display an official FDIC sign at each teller window.

What is FDIC's role in a bank failure?
In the event of a bank failure, the FDIC acts in two capacities. First, as the insurer of the bank's deposits, the FDIC pays insurance to the depositors up to the insurance limit. Second, the FDIC, as the "Receiver" of the failed bank, assumes the task of selling/collecting the assets of the failed bank and settling its debts, including claims for deposits in excess of the insured limit.



What is the purpose of FDIC deposit insurance?
The FDIC protects depositors' funds in the unlikely event of the financial failure of their bank or savings institution. FDIC deposit insurance covers the balance of each depositor's account, dollar-for-dollar, up to the insurance limit, including principal and any accrued interest through the date of the insured bank's closing.

What is the FDIC insurance amount?
The standard insurance amount is $250,000 per depositor, per insured bank, for each ownership category. This includes principal and accrued interest and applies to all depositors of an insured bank. Deposits in separate branches of an insured bank are not separately insured. Deposits in one insured bank are insured separately from deposits in another insured bank. Deposits maintained in different categories of legal ownership at the same bank can be separately insured. Therefore, it is possible to have deposits of more than $250,000 at one insured bank and still be fully insured. For more information on deposit insurance coverage, see the FDIC's brochure "Your Insured Deposits" which can be accessed at www.fdic.gov/deposit/deposits/insured

Who does the FDIC insure?
Any person or entity can have FDIC insurance on a deposit. A depositor does not have to be a citizen, or even a resident of the United States. FDIC insurance only protects depositors, although some depositors may also be creditors or shareholders of an insured bank.

What does FDIC deposit insurance cover?
FDIC insurance covers deposits received at an insured bank. Types of deposit products include checking, NOW, and savings accounts, money market deposit accounts (MMDA), and time deposits such as certificates of deposit (CDs).

What is the source of funding used by the FDIC to pay insured depositors of a failed bank?
The FDIC's deposit insurance fund consists of premiums already paid by insured banks and interest earnings on its investment portfolio of U.S. Treasury securities. No federal or state tax revenues are involved.

How am I notified when my bank has been closed?
The FDIC notifies each depositor in writing using the depositor's address on record with the bank. This notification is mailed immediately after the bank closes. When the failed bank is acquired by another bank; the assuming bank also notifies the depositors. This notification usually is mailed with the first bank statement after the assumption.


Source :  Federal Deposit Insurance Corporation


Notes :

* The Cost to DIF of $2.5 billion for "California National Bank" failed on 30th October,2009 is the total cost for all the 9 banks failed on that.