Data / Bank failures / 2000 / Monument National Bank
Monument National Bank, Ridgecrest, CA: failed June 2, 2000
Monument National Bank in Ridgecrest, California, failed on June 2, 2000. Israel Discount Bank of New of New York, NY, took over its deposits. It held $7.9 million in assets and $7.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $616,577 (7.8% of its assets). By assets it was the 7th largest of 7 banks closed or assisted in 2000.
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The FDIC's record
- Closed
- June 2, 2000
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Israel Discount Bank of New, New York, NY
- Total assets
- $7,923,000
- Total deposits
- $7,680,000
- Estimated cost to the FDIC
- $616,577 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 25056
Other bank failures in California, 1998 to 2002
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Pacific Thrift and Loan Co | Woodland Hills | November 22, 1999 | $127.3 million | $119.5 million | $42 million | Affinity Bank |
Other failed banks Israel Discount Bank of New took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Hamilton Bank, National Association | Miami | FL | January 11, 2002 | $1.41 billion | $1.30 billion | $101.7 million | Israel Discount Bank of New |
All bank failures in 2000 · All bank failures in California · Every failed bank Israel Discount Bank of New 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.