$128M
total assets, March 31, 1990
Westco Savings Bank, FSB was a savings and loan in Wilmington, CA. It failed on Apr 27, 1989, and Frontier Bank, Na took over its deposits. At its last report it held $188.3 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1990
This bank failed
- Failed on
- Apr 27, 1989
- Assets
- $188M
- Deposits
- $181M
- Estimated cost
- $42.6M
- Deposits went to
- Frontier Bank, Na, La Palma, CA
Total assets
$128M
-31.8% in a year · -7.9% in a quarter
Deposits
$116M
-35.8% in a year · -7.7% in a quarter
Loans
$90.9M
-18.6% in a year · -8.0% in a quarter
Profit so far
-$2.0M
Jan 1 to Mar 31, 1990
Capital ratio
-21.15%
-21.15 pts in a year
Return on assets
-5.88%
-1.71 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 1000 No Avalon Blvd, Wilmington, CA, 90744
- County
- Los Angeles
- Established
- Jan 1, 1920
- Failed
- Apr 27, 1990
- Employees
- 36
- Id
- b28508
Quarter by quarter
March 31, 1984 to March 31, 1990
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 Westco Savings Bank, FSB?
$128.4 million in total assets and $116.4 million in deposits as of March 31, 1990, with assets down 31.8% from a year before. Its loans were $90.9 million.
Is Westco Savings Bank, FSB profitable?
No: it lost $1.97 million from January 1 to March 31, 1990. Its return on assets was -5.88% a year; about 1% is typical.
When did Westco Savings Bank, FSB fail?
Apr 27, 1989. Frontier Bank, Na of La Palma, CA took over its deposits. The estimated cost of the failure was $42.6 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.