United Community Bank
Westlake Village, CA
$32.3M
total assets, September 30, 1989
$32.3M
total assets, September 30, 1989
United Community Bank was a state nonmember bank in Westlake Village, CA. It failed on Dec 20, 1989, and Olympic National Bank took over its deposits. At its last report it held $32.3 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1989
This bank failed
- Failed on
- Dec 20, 1989
- Assets
- $32.3M
- Deposits
- $29.3M
- Estimated cost
- $1.4M
- Deposits went to
- Olympic National Bank, Los Angeles, CA
Total assets
$32.3M
-2.0% in a year · -7.3% in a quarter
Deposits
$29.3M
-4.7% in a year · -6.9% in a quarter
Loans
$23.4M
+3.1% in a year · +1.7% in a quarter
Profit so far
-$745K
Jan 1 to Sep 30, 1989
Capital ratio
0.82%
-1.64 pts in a year
Return on assets
-2.99%
+13.60 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 600 Hampshire Road, Westlake Village, CA, 91361
- County
- Los Angeles
- Established
- May 26, 1981
- Failed
- Dec 20, 1989
- Employees
- 24
- Id
- b23419
Quarter by quarter
March 31, 1984 to September 30, 1989
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 United Community Bank?
$32.3 million in total assets and $29.3 million in deposits as of September 30, 1989, with assets down 2.0% from a year before. Its loans were $23.4 million.
Is United Community Bank profitable?
No: it lost $745,000 from January 1 to September 30, 1989. Its return on assets was -2.99% a year; about 1% is typical.
When did United Community Bank fail?
Dec 20, 1989. Olympic National Bank of Los Angeles, CA took over its deposits. The estimated cost of the failure was $1.35 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.