First Federal Bank of California, a Federal Savings Bank
Santa Monica, CA
$6.1B
total assets, September 30, 2009
$6.1B
total assets, September 30, 2009
First Federal Bank of California, a Federal Savings Bank was a savings bank in Santa Monica, CA. It failed on Dec 18, 2009, and Onewest Bank, FSB took over its deposits. At its last report it held $6.1 billion in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2009
This bank failed
- Failed on
- Dec 18, 2009
- Assets
- $6.1B
- Deposits
- $4.5B
- Estimated cost
- $0
- Deposits went to
- Onewest Bank, FSB, Pasadena, CA
Total assets
$6.1B
-16.4% in a year · -3.4% in a quarter
Deposits
$4.5B
+4.3% in a year · -2.4% in a quarter
Loans
$5.7B
-14.3% in a year · -6.9% in a quarter
Profit so far
-$138M
Jan 1 to Sep 30, 2009
Capital ratio
4.25%
-4.13 pts in a year
Return on assets
-2.75%
+0.07 pts in a year
Facts
- Type
- Savings bank
- Head office
- 401 Wilshire Boulevard, Santa Monica, CA, 90401
- County
- Los Angeles
- Established
- Jan 1, 1929
- Failed
- Dec 18, 2009
- Employees
- 509
- Branches
- 39
- Id
- b28536
Quarter by quarter
March 31, 1984 to September 30, 2009
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 First Federal Bank of California, a Federal Savings Bank?
$6.1 billion in total assets and $4.5 billion in deposits as of September 30, 2009, with assets down 16.4% from a year before. Its loans were $5.7 billion.
How many branches does First Federal Bank of California, a Federal Savings Bank have?
39 branches in California as of June 30, 2026.
Is First Federal Bank of California, a Federal Savings Bank profitable?
No: it lost $138.0 million from January 1 to September 30, 2009. Its return on assets was -2.75% a year; about 1% is typical.
When did First Federal Bank of California, a Federal Savings Bank fail?
Dec 18, 2009. Onewest Bank, FSB of Pasadena, CA took over its deposits.
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.