Data / Bank failures / 1990 / The Wilshire Bank, National Assoc
The Wilshire Bank, National Assoc, Los Angeles, CA: failed May 31, 1990
The Wilshire Bank, National Assoc in Los Angeles, California, failed on May 31, 1990. Mid City Bank, National Ass of Los Angeles, CA, took over its deposits. It held $24.8 million in assets and $23.9 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $3.4 million (13.9% of its assets). By assets it was the 293rd largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- May 31, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Mid City Bank, National Ass, Los Angeles, CA
- Total assets
- $24,752,000
- Total deposits
- $23,915,000
- Estimated cost to the FDIC
- $3,435,303 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 23499
Other bank failures in California, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Huntington Pacific Thrift & Loan | Huntington | December 4, 1992 | $40.5 million | $38.3 million | $17.4 million | |
| Statewide Thrift and Loan Co. | Redwood City | November 13, 1992 | $9.6 million | $9.5 million | $2.3 million | Fireside Thrift Co |
| Homestead Fsa | San Francisco | October 30, 1992 | $1.31 billion | $1.23 billion | $19.2 million | |
| Homefed Bank, FA | San Diego | July 6, 1992 | $12.18 billion | $8.90 billion | $751.6 million | |
| First Newport FSB | Newport Beach | June 19, 1992 | $35 million | $34.4 million | $3.2 million | Sterling B&T, FSB |
| San Clemente FSB | San Clemente | June 12, 1992 | $220.4 million | $205.7 million | $32.8 million | Household Bank, FSB |
| American Interstate Bank | Newport Beach | June 12, 1992 | $42 million | $40.8 million | $7.4 million | Marine National Bank |
| North American Thrift and Loan | Corona Del Mar | May 29, 1992 | $21.3 million | $20.9 million | $4.5 million |
Other failed banks Mid City Bank, National Ass took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Mission Valley Bank, National Assoc | San Clemente | CA | October 18, 1991 | $42.7 million | $40.5 million | $14.5 million | Mid City Bank, National Ass |
All bank failures in 1990 · All bank failures in California · Every failed bank Mid City Bank, National Ass 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.