Data / Bank failures / 1983 / American City Bank
American City Bank, Los Angles, CA: failed February 25, 1983
American City Bank in Los Angles, California, failed on February 25, 1983. Central Bank of San Francisco, CA, took over its deposits. It held $319.4 million in assets and $293.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.3 million (7.9% of its assets). By assets it was the 10th largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- February 25, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Central Bank, San Francisco, CA
- Total assets
- $319,354,000
- Total deposits
- $293,937,000
- Estimated cost to the FDIC
- $25,334,330 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 19020
Other bank failures in California, 1981 to 1985
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First City Bank | Glendale | December 20, 1985 | $35.8 million | $28.8 million | $5.9 million | Sterling Bank |
| California Heritage Bank | San Diego | November 22, 1985 | $24.1 million | $22.4 million | $3.2 million | Grossmont Bank |
| Farmers Savings Bank | Davis | October 18, 1985 | $590.3 million | $526.4 million | $137.8 million | |
| Golden Pacific S&LA (assistance) | Windsor | September 27, 1985 | $45.6 million | $46.2 million | $6.1 million | Empire of America-Californi |
| Presidio S&LA | Porterville | August 28, 1985 | $284.5 million | $244.9 million | $96.6 million | Gibralter Savings |
| Centennial S&LA | Guerneville | August 20, 1985 | $368.2 million | $367.8 million | $148.9 million | Citizens FS&LA |
| Butterfield S&LA (assistance) | Santa Ana | August 7, 1985 | $708.3 million | $768.3 million | $371.3 million | Downey S&LA |
| Bell S&LA (assistance) | San Mateo | July 25, 1985 | $1.64 billion | $1.31 billion | $829.7 million | Western FS&LA |
Other failed banks Central Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Riverbank | Wyoming | MN | October 7, 2011 | $419.7 million | $384.1 million | $71.2 million | Central Bank |
| Rosemount National Bank | Rosemount | MN | April 15, 2011 | $21.5 million | $21 million | $5.4 million | Central Bank |
| Commerce Bank of Southwest Florida | Fort Myers | FL | November 20, 2009 | $71 million | $72.8 million | $32.2 million | Central Bank |
| Riverview Community Bank | Ostego | MN | October 23, 2009 | $99.1 million | $75 million | $23.5 million | Central Bank |
| Jennings State Bank | Spring Grove | MN | October 2, 2009 | $52.3 million | $50.8 million | $18.9 million | Central Bank |
| Mainstreet Bank | Forest Lake | MN | August 28, 2009 | $458.5 million | $432.8 million | $89.9 million | Central Bank |
| National Industrial Bank of Connecticut | Meriden | CT | November 9, 1989 | $46.5 million | $48.3 million | $5.3 million | Central Bank |
| Delta Pacific Bank | Pittsburg | CA | October 30, 1987 | $17.7 million | $17 million | $1.3 million | Central Bank |
All bank failures in 1983 · All bank failures in California · Every failed bank Central Bank took over · 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.