Data / Bank failures / 1993 / American Bank and Trust
American Bank and Trust, San Jose, CA: failed June 18, 1993
American Bank and Trust in San Jose, California, failed on June 18, 1993. Bank of Santa Clara of Santa Clara, CA, took over its deposits. It held $35.6 million in assets and $34.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.5 million (15.5% of its assets). By assets it was the 31st largest of 50 banks closed or assisted in 1993.
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The FDIC's record
- Closed
- June 18, 1993
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Bank of Santa Clara, Santa Clara, CA
- Total assets
- $35,577,000
- Total deposits
- $34,583,000
- Estimated cost to the FDIC
- $5,527,532 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 21560
Other bank failures in California, 1991 to 1995
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pacific Heritage Bank | Torrance | July 28, 1995 | $147.7 million | $146.1 million | $19.3 million | California Federal Bank , A |
| Continental Savings of America | San Francisco | April 28, 1995 | $359.4 million | $357 million | $22.2 million | California FB, FSB |
| Los Angeles Thrift and Loan Company | Los Angeles | March 31, 1995 | $23.4 million | $22.3 million | $6.1 million | California Federal Bank, A |
| First Trust Bank | Ontario | March 3, 1995 | $227.7 million | $223.6 million | $25.6 million | First State Bank of Califor |
| Guardian Bank | Los Angeles | January 20, 1995 | $316.9 million | $297.9 million | $20.5 million | Imperial Bank |
| Cornerstone Bank FSB | Mission Viejo | December 16, 1994 | $44.3 million | $38.4 million | $4 million | California FB, A FSB |
| Capital Bank | Downey | August 26, 1994 | $76.9 million | $74.4 million | $17.8 million | Landmark Bank |
| Bank of Newport | Newport Beach | August 12, 1994 | $167.8 million | $161.8 million | $28.7 million | Union Bank |
All bank failures in 1993 · All bank failures in California · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. 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.