Data / Bank failures / 1990 / Western Empire FS & La
Western Empire FS & La, Yorba Linda, CA: failed February 16, 1990
Western Empire FS & La in Yorba Linda, California, failed on February 16, 1990. Southern California Bank of Downey, CA, took over its deposits. It held $406.6 million in assets and $318.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.5 million (6.5% of its assets). By assets it was the 57th largest of 382 banks closed or assisted in 1990.
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The FDIC's record
- Closed
- February 16, 1990
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Southern California Bank, Downey, CA
- Total assets
- $406,574,000
- Total deposits
- $318,451,000
- Estimated cost to the FDIC
- $26,501,587 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 32101
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 Southern California Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| American Commerce National Bank | Anaheim | CA | April 30, 1993 | $139.1 million | $127.7 million | $43.6 million | Southern California Bank |
All bank failures in 1990 · All bank failures in California · Every failed bank Southern California 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.