Data / Bank failures / 1991 / Manilabank
Manilabank, Los Angeles, CA: failed March 8, 1991
Manilabank in Los Angeles, California, failed on March 8, 1991. Ust California, National As of Los Angeles, CA, took over its deposits. It held $20.8 million in assets and $20.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.9 million (18.9% of its assets). By assets it was the 233rd largest of 271 banks closed or assisted in 1991.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- March 8, 1991
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Ust California, National As, Los Angeles, CA
- Total assets
- $20,775,000
- Total deposits
- $20,349,000
- Estimated cost to the FDIC
- $3,926,967 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 24588
Other bank failures in California, 1989 to 1993
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Century Thrift and Loan | Los Angeles | November 5, 1993 | $31.9 million | $24.5 million | $9.6 million | |
| The Bank of San Diego | San Diego | October 29, 1993 | $294.3 million | $289.1 million | $58.9 million | Grossmont Bank |
| Mid City Bank, N.A. | Brea | October 21, 1993 | $105.7 million | $102.6 million | $14.3 million | Chino Valley Bank |
| Brentwood Thrift and Loan Association | Los Angeles | October 15, 1993 | $12.9 million | $11.5 million | $3.3 million | |
| Westside Bank, FSB | Los Angeles | September 24, 1993 | $81.7 million | $76.9 million | $21.6 million | |
| Western United National Bank | Los Angeles | September 24, 1993 | $23.7 million | $22.6 million | $7.2 million | |
| Regent Thrift and Loan Association | San Francisco | September 17, 1993 | $35.8 million | $7.2 million | $1.5 million | Metropolitan Bank |
| Amador Valley S & L | Pleasanton | September 10, 1993 | $41.9 million | $41.2 million | $2.8 million | Community First NB |
All bank failures in 1991 · 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.