Innovative Bank
Oakland, CA · Owner: Innovative Bcorp
$267M
total assets, March 31, 2010
$267M
total assets, March 31, 2010
Innovative Bank was a state nonmember bank in Oakland, CA, owned by Innovative Bcorp. It failed on Apr 16, 2010, and Center Bank took over its deposits. At its last report it held $266.8 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 2010
This bank failed
- Failed on
- Apr 16, 2010
- Assets
- $267M
- Deposits
- $223M
- Estimated cost
- $22.7M
- Deposits went to
- Center Bank, Los Angeles, CA
Total assets
$267M
-7.1% in a year · -0.8% in a quarter
Deposits
$223M
-3.3% in a year · -0.9% in a quarter
Loans
$171M
-22.8% in a year · -8.1% in a quarter
Profit so far
-$3.1M
Jan 1 to Mar 31, 2010
Capital ratio
2.26%
-6.57 pts in a year
Return on assets
-4.58%
-2.10 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 360 Fourteenth Street, Oakland, CA, 94612
- County
- Alameda
- Holding company
- Innovative Bcorp
- Established
- Jul 1, 1982
- Failed
- Apr 16, 2010
- Employees
- 82
- Branches
- 4
- Id
- b23876
Quarter by quarter
March 31, 1984 to March 31, 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 Innovative Bank?
$266.8 million in total assets and $223.2 million in deposits as of March 31, 2010, with assets down 7.1% from a year before. Its loans were $171.1 million.
How many branches does Innovative Bank have?
4 branches in California as of June 30, 2026.
Is Innovative Bank profitable?
No: it lost $3.07 million from January 1 to March 31, 2010. Its return on assets was -4.58% a year; about 1% is typical.
Who owns Innovative Bank?
Innovative Bank is owned by Innovative Bcorp, its holding company.
When did Innovative Bank fail?
Apr 16, 2010. Center Bank of Los Angeles, CA took over its deposits. The estimated cost of the failure was $22.7 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.