Data / Bank failures / 1987 / Delta Pacific Bank
Delta Pacific Bank, Pittsburg, CA: failed October 30, 1987
Delta Pacific Bank in Pittsburg, California, failed on October 30, 1987. Central Bank of San Francisco, CA, took over its deposits. It held $17.7 million in assets and $17 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $1.3 million (7.5% of its assets). By assets it was the 159th largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- October 30, 1987
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Central Bank, San Francisco, CA
- Total assets
- $17,732,000
- Total deposits
- $16,969,000
- Estimated cost to the FDIC
- $1,337,197 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 22316
Other bank failures in California, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| United Community Bank | Westlake Village | December 20, 1989 | $32.3 million | $29.3 million | $1.4 million | Olympic National Bank |
| Brookside Federal S & L | Los Angeles | November 30, 1989 | $601.4 million | $560.3 million | $45.7 million | |
| Security Fed. Savings Association | Garden Grove | November 16, 1989 | $71 million | $74.7 million | $2,801 | Itt FB, FSB |
| Saratoga S & L Association | San Jose | November 9, 1989 | $84.5 million | $81.7 million | $18.6 million | Pacific Western Bank |
| American Interstate Sa | Los Angeles | July 20, 1989 | $24.9 million | $25 million | $5 million | |
| Sierra S & L Assoc. | Beverly Hills | July 20, 1989 | $40.7 million | $40 million | $11.1 million | Sun SB, FSB |
| The Guardian Fed. S & L Assoc. | Bakersfield | June 29, 1989 | $29.4 million | $28.6 million | $11.7 million | Bank of America Ntsa |
| First Fed. S & L Assoc. | Bakersfield | June 29, 1989 | $126.4 million | $127.3 million | $11.3 million | Bank of America Ntsa |
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 |
| American City Bank | Los Angles | CA | February 25, 1983 | $319.4 million | $293.9 million | $25.3 million | Central Bank |
All bank failures in 1987 · 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.