Data / Bank failures / 1982 / Pacific Coast Bank
Pacific Coast Bank, San Diego, CA: failed April 29, 1982
Pacific Coast Bank in San Diego, California, failed on April 29, 1982. Commonwealth Bank of Torrance, CA, took over its deposits. It held $9.8 million in assets and $8.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $4.9 million (50.5% of its assets). By assets it was the 110th largest of 119 banks closed or assisted in 1982.
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The FDIC's record
- Closed
- April 29, 1982
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Commonwealth Bank, Torrance, CA
- Total assets
- $9,758,000
- Total deposits
- $8,684,000
- Estimated cost to the FDIC
- $4,927,968 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20988
Other bank failures in California, 1980 to 1984
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| San Marino S&LA | San Marino | December 7, 1984 | $856.8 million | $212.2 million | $263.1 million | |
| Garden Grove Community Bank | Garden Grove | June 1, 1984 | $43.9 million | $41.1 million | $5.4 million | Capital Bank |
| Bank of Irvine | Irvine | May 18, 1984 | $31 million | $29.4 million | $2.3 million | Security Pacific State B |
| The Nat BK of Carmel | Carmel-By-The-Sea | May 8, 1984 | $76.2 million | $68.4 million | $6.6 million | County BANK&TRUST |
| West Coast Bank | Los Angeles | April 27, 1984 | $198.2 million | $190 million | $12.7 million | |
| Heritage Bank | Anaheim | March 16, 1984 | $186.1 million | $180.4 million | $5.2 million | |
| West Olympia Bank | Los Angeles | February 10, 1984 | $20.4 million | $19.9 million | $3 million | Wilshire State Bank |
| The Commercial BK of California | Los Angeles | May 27, 1983 | $32.4 million | $30.2 million | $172,087 | First Credit Bank |
Other failed banks Commonwealth Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Western National Bank | Santa Ana | CA | August 27, 1982 | $25.6 million | $21.9 million | $4.2 million | Commonwealth Bank |
All bank failures in 1982 · All bank failures in California · Every failed bank Commonwealth Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.