Data / Bank failures / 1999 / Pacific Thrift and Loan Co
Pacific Thrift and Loan Co, Woodland Hills, CA: failed November 22, 1999
Pacific Thrift and Loan Co in Woodland Hills, California, failed on November 22, 1999. Affinity Bank of Ventura, CA, took over its deposits. It held $127.3 million in assets and $119.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $42 million (33% of its assets). By assets it was the 2nd largest of 8 banks closed or assisted in 1999.
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The FDIC's record
- Closed
- November 22, 1999
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Affinity Bank, Ventura, CA
- Total assets
- $127,342,000
- Total deposits
- $119,451,000
- Estimated cost to the FDIC
- $42,049,386 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- BIF
- FDIC certificate
- 27415
Other bank failures in California, 1997 to 2001
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Monument National Bank | Ridgecrest | June 2, 2000 | $7.9 million | $7.7 million | $616,577 | Israel Discount Bank of New |
All bank failures in 1999 · 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.