Security Pacific Bank
Los Angeles, CA · Owner: Security Pacific Bcorp
$528M
total assets, September 30, 2008
$528M
total assets, September 30, 2008
Security Pacific Bank was a state nonmember bank in Los Angeles, CA, owned by Security Pacific Bcorp. It failed on Nov 7, 2008, and Pacific Western Bank took over its deposits. At its last report it held $528.0 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2008
This bank failed
- Failed on
- Nov 7, 2008
- Assets
- $528M
- Deposits
- $456M
- Estimated cost
- $148M
- Deposits went to
- Pacific Western Bank, San Diego, CA
Total assets
$528M
-14.2% in a year · -9.7% in a quarter
Deposits
$456M
-12.9% in a year · -11.6% in a quarter
Loans
$468M
-13.2% in a year · -5.9% in a quarter
Profit so far
-$73.6M
Jan 1 to Sep 30, 2008 · -20205.2% in a year
Capital ratio
3.14%
-6.21 pts in a year
Return on assets
-17.12%
-17.20 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 12121 Wilshire Boulevard, Suite 1350, Los Angeles, CA, 90025
- County
- Los Angeles
- Holding company
- Security Pacific Bcorp
- Established
- Dec 7, 1981
- Failed
- Nov 7, 2008
- Employees
- 98
- Branches
- 4
- Id
- b23595
Quarter by quarter
March 31, 1984 to September 30, 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 Security Pacific Bank?
$528.0 million in total assets and $456.5 million in deposits as of September 30, 2008, with assets down 14.2% from a year before. Its loans were $467.6 million.
How many branches does Security Pacific Bank have?
4 branches in California as of June 30, 2026.
Is Security Pacific Bank profitable?
No: it lost $73.6 million from January 1 to September 30, 2008. Its return on assets was -17.12% a year; about 1% is typical.
Who owns Security Pacific Bank?
Security Pacific Bank is owned by Security Pacific Bcorp, its holding company.
When did Security Pacific Bank fail?
Nov 7, 2008. Pacific Western Bank of San Diego, CA took over its deposits. The estimated cost of the failure was $148.3 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.