Data / Bank failures / 1992 / San Clemente FSB
San Clemente FSB, San Clemente, CA: failed June 12, 1992
San Clemente FSB in San Clemente, California, failed on June 12, 1992. Household Bank, FSB of Newport Beach, CA, took over its deposits. It held $220.4 million in assets and $205.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $32.8 million (14.9% of its assets). By assets it was the 62nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 12, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Household Bank, FSB, Newport Beach, CA
- Total assets
- $220,368,000
- Total deposits
- $205,745,000
- Estimated cost to the FDIC
- $32,750,714 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 31452
Other bank failures in California, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 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 |
| Bank of Newport | Newport Beach | August 12, 1994 | $167.8 million | $161.8 million | $28.7 million | Union Bank |
| Western Community Bank | Corona | July 29, 1994 | $54 million | $53.1 million | $2.6 million | Bank of San Bernardino |
| Commerce Bank | Newport Beach | July 29, 1994 | $142.3 million | $138.3 million | $14.1 million | California State Bank |
| Bank of San Pedro | Los Angeles | July 15, 1994 | $132.6 million | $128.3 million | $28.8 million | Home Bank |
| Pioneer Bank | Fullerton | July 8, 1994 | $133.3 million | $128.4 million | $14.5 million | Chino Valley Bank |
| Encino Savings Bank, FSB | Encino | June 3, 1994 | $92.5 million | $89.1 million | $7.4 million | American SB, FA |
Other failed banks Household Bank, FSB took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Yorkridge-Calvert Federal Savings | Baltimore | MD | December 14, 1989 | $585.8 million | $372.2 million | $40.1 million | Household Bank, FSB |
| Baltimore Federal Financial | Baltimore | MD | February 7, 1989 | $1.57 billion | $1.25 billion | $357.9 million | Household Bank, FSB |
All bank failures in 1992 · All bank failures in California · Every failed bank Household Bank, FSB 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.