Data / Bank failures / 1991 / Alvarado Bank
Alvarado Bank, Richmond, CA: failed January 25, 1991
Alvarado Bank in Richmond, California, failed on January 25, 1991. Pacific Bay Bank of Richmond, CA, took over its deposits. It held $33.5 million in assets and $32.1 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.3 million (12.9% of its assets). By assets it was the 201st largest of 271 banks closed or assisted in 1991.
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The FDIC's record
- Closed
- January 25, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Pacific Bay Bank, Richmond, CA
- Total assets
- $33,480,000
- Total deposits
- $32,106,000
- Estimated cost to the FDIC
- $4,322,591 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 24568
Other bank failures in California, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Century Thrift and Loan | Los Angeles | November 5, 1993 | $31.9 million | $24.5 million | $9.6 million | |
| The Bank of San Diego | San Diego | October 29, 1993 | $294.3 million | $289.1 million | $58.9 million | Grossmont Bank |
| Mid City Bank, N.A. | Brea | October 21, 1993 | $105.7 million | $102.6 million | $14.3 million | Chino Valley Bank |
| Brentwood Thrift and Loan Association | Los Angeles | October 15, 1993 | $12.9 million | $11.5 million | $3.3 million | |
| Westside Bank, FSB | Los Angeles | September 24, 1993 | $81.7 million | $76.9 million | $21.6 million | |
| Western United National Bank | Los Angeles | September 24, 1993 | $23.7 million | $22.6 million | $7.2 million | |
| Regent Thrift and Loan Association | San Francisco | September 17, 1993 | $35.8 million | $7.2 million | $1.5 million | Metropolitan Bank |
| Amador Valley S & L | Pleasanton | September 10, 1993 | $41.9 million | $41.2 million | $2.8 million | Community First NB |
All bank failures in 1991 · All bank failures in California · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.