50 failures · $10.0 billion in assets
Bank failures in 1993
50 insured banks failed in 1993, down from 179 in 1992. Together they reported $10.0 billion in assets, and the FDIC's estimated loss on them is $900 million. The largest was Western Federal Savings and Loan of Marina Del Ray, California, at $3.8 billion. The costliest for the insurance fund was New England Savings Bank, at an estimated $117 million. California led with 24 failures, ahead of Texas with 10.
Week by week
- $1 billion or more
- $100 million to $1 billion
- under $100 million
Where they failed
Failures by state in 1993: California 24, Texas 10, Kansas 3, Rhode Island 1, Vermont 1, Louisiana 1, New York 1, Florida 1, Iowa 1, North Carolina 1, Connecticut 1, District of Columbia 1 and others.
Explore
Filter and sort the 1993 failures by state, size or loss. Other years: 1992 · 1994.
| Closed | Bank | Location | Total assets | Est. loss |
|---|---|---|---|---|
| January 22, 1993 | Columbia National Bank | Santa Monica, CA | $47.6 million | $17.6 million |
| January 29, 1993 | Old Stone Bank A Federal Savings Bank | Providence, RI | $1.8 billion | $73.6 million |
| January 29, 1993 | First National Bank of Vermont | Bradford, VT | $296 million | $25.5 million |
| January 29, 1993 | Vista Bank, FSB | Canoga Park, CA | $105 million | $15.1 million |
| January 29, 1993 | Life Savings Bank, F.S.B. | Baton Rouge, LA | $16.8 million | $2.2 million |
| February 5, 1993 | American Bank of Haltom City | Haltom City, TX | $99.5 million | $14.5 million |
| February 25, 1993 | The Planters National Bank of Rosebud | Rosebud, TX | $13.7 million | $1.5 million |
| February 26, 1993 | Jefferson National Bank | Watertown, NY | $256 million | $43.5 million |
| March 4, 1993 | First American Capital Bank, National Association | Laguna Beach, CA | $28.5 million | $7.4 million |
| March 16, 1993 | Guardian Bank | Boca Raton, FL | $75.6 million | $3.6 million |
| March 18, 1993 | United Bank, National Association | Lancaster, TX | $49.8 million | $161 thousand |
| April 1, 1993 | First State Bank | Vega, TX | $21.4 million | $2.8 million |
| April 2, 1993 | College Boulevard National Bank | Overland Park, KS | $203 million | $15.4 million |
| April 2, 1993 | The Pioneer Savings and Loan Association | Prairie Village, KS | $133 million | $36.3 million |
| April 2, 1993 | Midland Bank of Kansas | Mission, KS | $124 million | $12.9 million |
| April 2, 1993 | Olympic National Bank | Los Angeles, CA | $82.4 million | $25.2 million |
| April 8, 1993 | Premier Bank | Northridge, CA | $73.0 million | $8.9 million |
| April 15, 1993 | First Western Bank, National Association | San Diego, CA | $16.2 million | $3.1 million |
| April 29, 1993 | Valley National Bank of Fremont County | Hamburg, IA | $7.0 million | $165 thousand |
| April 30, 1993 | American Commerce National Bank | Anaheim, CA | $139 million | $43.6 million |
| May 6, 1993 | Wilshire Center Bank, National Association | Los Angeles, CA | $9.7 million | $5.9 million |
| May 20, 1993 | Crown National Bank | Charlotte, NC | $26.3 million | $1.7 million |
| May 21, 1993 | New England Savings Bank | New London, CT | $915 million | $117 million |
| May 21, 1993 | Palos Verdes National Bank | Rolling Hills Est, CA | $45.6 million | $10.3 million |
| June 4, 1993 | Western Federal Savings and Loan | Marina Del Ray, CA | $3.8 billion | $108 million |
| June 10, 1993 | BancCentral | Amarillo, TX | $34.7 million | $2.5 million |
| June 18, 1993 | Capital Bank of California | Los Angeles, CA | $228 million | $64.1 million |
| June 18, 1993 | American Bank and Trust Company | San Jose, CA | $35.6 million | $5.5 million |
| June 25, 1993 | City National Bank of Washington | Washington, DC | $24.0 million | $1.0 million |
| July 1, 1993 | Westheimer National Bank | Houston, TX | $27.9 million | $8.2 million |
| July 1, 1993 | Eagle Bank of Champaign County, National Association | Rantoul, IL | $20.2 million | $679 thousand |
| July 2, 1993 | Jefferson Bank & Trust | Lakewood, CO | $127 million | $38.6 million |
| July 2, 1993 | The Emerald City Bank | Seattle, WA | $7.8 million | $1.1 million |
| July 9, 1993 | First California Bank | La Mesa, CA | $79.4 million | $14.3 million |
| July 9, 1993 | City Thrift and Loan Association | Los Angeles, CA | $39.4 million | $17.7 million |
| July 22, 1993 | Fidelity National Bank | Houston, TX | $52.6 million | $5.5 million |
| July 29, 1993 | The Wolfe City National Bank in Wolfe City | Wolfe City, TX | $30.4 million | $4.9 million |
| August 12, 1993 | New Atlantic Bank, National Association | Norfolk, VA | $15.1 million | $792 thousand |
| August 13, 1993 | Golden State Bank, FSB | Irvine, CA | $50.6 million | $4.5 million |
| August 25, 1993 | Tarrant Bank | Fort Worth, TX | $62.6 million | $7.3 million |
| August 27, 1993 | Maritime Bank of California | Los Angeles, CA | $31.8 million | $5.9 million |
| September 10, 1993 | Amador Valley Savings and Loan Association | Pleasanton, CA | $41.9 million | $2.8 million |
| September 17, 1993 | Regent Thrift and Loan Association | San Francisco, CA | $35.8 million | $1.5 million |
| September 24, 1993 | Westside Bank for Savings, FSB | Los Angeles, CA | $81.7 million | $21.6 million |
| September 24, 1993 | Western United National Bank | Los Angeles, CA | $23.7 million | $7.2 million |
| October 14, 1993 | Plaza Bank, National Association of New Braunfels | New Braunfels, TX | $54.6 million | $2.7 million |
| October 15, 1993 | Brentwood Thrift and Loan Association | Los Angeles, CA | $12.9 million | $3.3 million |
| October 21, 1993 | Mid City Bank, National Association | Brea, CA | $106 million | $14.3 million |
| October 29, 1993 | The Bank of San Diego | San Diego, CA | $294 million | $58.9 million |
| November 5, 1993 | Century Thrift and Loan | Los Angeles, CA | $31.9 million | $9.6 million |