Union Federal Bank, A federal savings bank
Los Angeles, CA
$32.6M
total assets, June 30, 1996
$32.6M
total assets, June 30, 1996
Union Federal Bank, A federal savings bank was a savings bank in Los Angeles, CA. It failed on Aug 9, 1996, and Dean Witter Trust FSB took over its deposits. At its last report it held $32.6 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1996
This bank failed
- Failed on
- Aug 9, 1996
- Assets
- $32.6M
- Deposits
- $32.7M
- Estimated cost
- $21.9M
- Deposits went to
- Dean Witter Trust FSB, Jersey City, NJ
Total assets
$32.6M
-12.4% in a year · -7.1% in a quarter
Deposits
$32.7M
-4.5% in a year · -0.2% in a quarter
Loans
$4.6M
+66.1% in a year · -38.3% in a quarter
Profit so far
-$2.3M
Jan 1 to Jun 30, 1996
Capital ratio
-2.57%
-7.59 pts in a year
Return on assets
-13.37%
-4.80 pts in a year
Facts
- Type
- Savings bank
- Head office
- 1055 West 7th Street, Los Angeles, CA, 90017
- County
- Los Angeles
- Established
- Dec 17, 1934
- Failed
- Aug 12, 1996
- Employees
- 8
- Branches
- 1
- Id
- b29236
Quarter by quarter
March 31, 1984 to June 30, 1996
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 Union Federal Bank, A federal savings bank?
$32.6 million in total assets and $32.7 million in deposits as of June 30, 1996, with assets down 12.4% from a year before. Its loans were $4.56 million.
How many branches does Union Federal Bank, A federal savings bank have?
1 branch in California as of June 30, 2026.
Is Union Federal Bank, A federal savings bank profitable?
No: it lost $2.29 million from January 1 to June 30, 1996. Its return on assets was -13.37% a year; about 1% is typical.
When did Union Federal Bank, A federal savings bank fail?
Aug 9, 1996. Dean Witter Trust FSB of Jersey City, NJ took over its deposits. The estimated cost of the failure was $21.9 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.