First Vietnamese American Bank
Westminster, CA
$48.0M
total assets, September 30, 2010
$48.0M
total assets, September 30, 2010
First Vietnamese American Bank was a state nonmember bank in Westminster, CA. It failed on Nov 5, 2010, and Grandpoint Bank took over its deposits. At its last report it held $48.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Nov 5, 2010
- Assets
- $48.0M
- Deposits
- $47.0M
- Estimated cost
- $14.3M
- Deposits went to
- Grandpoint Bank, Santa Ana, CA
Total assets
$48.0M
-26.4% in a year · -7.5% in a quarter
Deposits
$47.0M
-23.6% in a year · -6.0% in a quarter
Loans
$33.2M
-25.6% in a year · -6.6% in a quarter
Profit so far
-$2.0M
Jan 1 to Sep 30, 2010
Capital ratio
1.15%
-3.96 pts in a year
Return on assets
-4.98%
0.00 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 8990 Westminster Boulevard, Westminster, CA, 92683
- County
- Orange
- Established
- May 11, 2005
- Failed
- Nov 5, 2010
- Employees
- 15
- Branches
- 1
- Id
- b57885
Quarter by quarter
June 30, 2005 to September 30, 2010
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 Vietnamese American Bank?
$48.0 million in total assets and $47.0 million in deposits as of September 30, 2010, with assets down 26.4% from a year before. Its loans were $33.2 million.
How many branches does First Vietnamese American Bank have?
1 branch in California as of June 30, 2026.
Is First Vietnamese American Bank profitable?
No: it lost $1.95 million from January 1 to September 30, 2010. Its return on assets was -4.98% a year; about 1% is typical.
When did First Vietnamese American Bank fail?
Nov 5, 2010. Grandpoint Bank of Santa Ana, CA took over its deposits. The estimated cost of the failure was $14.3 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.