8 failures · $1.2 billion in assets

Bank failures in 1995

Eight insured banks failed in 1995, down from 15 in 1994. Together they reported $1.2 billion in assets, and the FDIC's estimated loss on them is $113 million. The largest was Continental Savings of America, A Savings and Loan Association of San Francisco, California, at $359 million. The costliest for the insurance fund was First Trust Bank, at an estimated $25.6 million. California led with 5 failures, ahead of New York with 1.

Week by week

$1 billion or more
$100 million to $1 billion
under $100 million

One square per failed bank, stacked in the week it closed. 100% of these closings fell on a Friday. The median estimated loss was 12% of a failed bank's assets.

Where they failed

Failures by state in 1995: California 5, New York 1, Hawaii 1, Connecticut 1.

Explore

Filter and sort the 1995 failures by state, size or loss. Other years: 1994 · 1996.

All 8 failures in 1995, in closing order
Closed	Bank	Location	Total assets	Est. loss
January 20, 1995	Guardian Bank	Los Angeles, CA	$317 million	$20.5 million
March 3, 1995	First Trust Bank	Ontario, CA	$228 million	$25.6 million
March 31, 1995	Los Angeles Thrift and Loan Company	Los Angeles, CA	$23.4 million	$6.1 million
April 28, 1995	Continental Savings of America, A Savings and Loan Association	San Francisco, CA	$359 million	$22.2 million
May 5, 1995	American Savings and Loan Association	New York, NY	$64.4 million	$6.0 million
May 19, 1995	Bank USA, N.A.	Kihei, Maui, HI	$9.0 million	$2.6 million
July 28, 1995	Pacific Heritage Bank	Torrance, CA	$148 million	$19.3 million
July 28, 1995	Founders Bank	New Haven, CT	$77.4 million	$10.4 million