$148M
total assets, June 30, 1995
Pacific Heritage Bank was a state nonmember bank in Torrance, CA. It failed on Jul 28, 1995, and California Federal Bank , A took over its deposits. At its last report it held $147.7 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1995
This bank failed
- Failed on
- Jul 28, 1995
- Assets
- $148M
- Deposits
- $146M
- Estimated cost
- $19.3M
- Deposits went to
- California Federal Bank , A, Los Angeles, CA
Total assets
$148M
-15.8% in a year · -4.8% in a quarter
Deposits
$146M
-11.4% in a year · -2.3% in a quarter
Loans
$104M
-16.6% in a year · -4.7% in a quarter
Profit so far
-$4.6M
Jan 1 to Jun 30, 1995
Capital ratio
0.28%
-4.93 pts in a year
Return on assets
-6.00%
-3.21 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 3440 Torrance Boulevard, Torrance, CA, 90503
- County
- Los Angeles
- Established
- Jan 16, 1981
- Failed
- Jul 28, 1995
- Employees
- 51
- Branches
- 3
- Id
- b23319
Quarter by quarter
March 31, 1984 to June 30, 1995
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 Pacific Heritage Bank?
$147.7 million in total assets and $146.1 million in deposits as of June 30, 1995, with assets down 15.8% from a year before. Its loans were $103.9 million.
How many branches does Pacific Heritage Bank have?
3 branches in California as of June 30, 2026.
Is Pacific Heritage Bank profitable?
No: it lost $4.57 million from January 1 to June 30, 1995. Its return on assets was -6.00% a year; about 1% is typical.
When did Pacific Heritage Bank fail?
Jul 28, 1995. California Federal Bank , A of Los Angeles, CA took over its deposits. The estimated cost of the failure was $19.3 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.