1st Centennial Bank
Redlands, CA · Owner: 1st Centennial Bcorp
$798M
total assets, December 31, 2008
$798M
total assets, December 31, 2008
1st Centennial Bank was a state nonmember bank in Redlands, CA, owned by 1st Centennial Bcorp. It failed on Jan 23, 2009, and First California Bank took over its deposits. At its last report it held $798.0 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 2008
This bank failed
- Failed on
- Jan 23, 2009
- Assets
- $798M
- Deposits
- $679M
- Estimated cost
- $136M
- Deposits went to
- First California Bank, Westlake Village, CA
Total assets
$798M
+15.8% in a year · -14.9% in a quarter
Deposits
$679M
+41.6% in a year · -4.8% in a quarter
Loans
$509M
-2.4% in a year · -4.4% in a quarter
Profit so far
-$50.0M
Jan 1 to Dec 31, 2008 · -634.6% in a year
Capital ratio
0.79%
-7.64 pts in a year
Return on assets
-6.41%
-7.93 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 218 East State Street, Redlands, CA, 92373
- County
- San Bernardino
- Holding company
- 1st Centennial Bcorp
- Established
- Aug 1, 1990
- Failed
- Jan 23, 2009
- Employees
- 129
- Branches
- 6
- Id
- b33025
Quarter by quarter
September 30, 1990 to December 31, 2008
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is 1st Centennial Bank?
$798.0 million in total assets and $678.6 million in deposits as of December 31, 2008, with assets up 15.8% from a year before. Its loans were $508.9 million.
How many branches does 1st Centennial Bank have?
6 branches in California as of June 30, 2026.
Is 1st Centennial Bank profitable?
No: it lost $50.0 million from January 1 to December 31, 2008. Its return on assets was -6.41% a year; about 1% is typical.
Who owns 1st Centennial Bank?
1st Centennial Bank is owned by 1st Centennial Bcorp, its holding company.
When did 1st Centennial Bank fail?
Jan 23, 2009. First California Bank of Westlake Village, CA took over its deposits. The estimated cost of the failure was $136.0 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.