Data / Bank failures / 1995 / Guardian Bank
Guardian Bank, Los Angeles, CA: failed January 20, 1995
Guardian Bank in Los Angeles, California, failed on January 20, 1995. Imperial Bank of Inglewood, CA, took over its deposits. It held $316.9 million in assets and $297.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $20.5 million (6.5% of its assets). By assets it was the 2nd largest of 8 banks closed or assisted in 1995.
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The FDIC's record
- Closed
- January 20, 1995
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Imperial Bank, Inglewood, CA
- Total assets
- $316,944,000
- Total deposits
- $297,948,000
- Estimated cost to the FDIC
- $20,450,143 (estimate as of July 31, 2026)
- Charter
- State member bank (Federal Reserve)
- Insurance fund
- BIF
- FDIC certificate
- 24754
Other bank failures in California, 1993 to 1997
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Commonwealth Thrift & Loan | Torrance | August 16, 1996 | $11.5 million | $10.9 million | $5.6 million | Frontier State Bank |
| Union Federal Bank, FSB | Los Angeles | August 9, 1996 | $32.6 million | $32.7 million | $21.9 million | Dean Witter Trust FSB |
| 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 |
| 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 |
All bank failures in 1995 · 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.