Data / Bank failures / 1983 / Bank of San Marino
Bank of San Marino, San Marino, CA: failed April 8, 1983
Bank of San Marino in San Marino, California, failed on April 8, 1983. Trans American National of Monterey Park, CA, took over its deposits. It held $13 million in assets and $12.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.7 million (13.2% of its assets). By assets it was the 91st largest of 99 banks closed or assisted in 1983.
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The FDIC's record
- Closed
- April 8, 1983
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Trans American National, Monterey Park, CA
- Total assets
- $12,997,000
- Total deposits
- $12,754,000
- Estimated cost to the FDIC
- $1,717,412 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 23143
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 Trans American National took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Newport Harbour National Bank | Newport Beach | CA | March 11, 1983 | $47.3 million | $44 million | $9.7 million | Trans American National |
All bank failures in 1983 · All bank failures in California · Every failed bank Trans American National 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.