Bank failure · CA
Mercury Savings (Huntington Beach, CA) — failed February 23, 1990
Mercury Savings of Huntington Beach, California was closed on February 23, 1990 and resolved through a purchase and assumption. Security Pacific Nb, NA (CA) took over its insured deposits. At failure it held $2.2B in assets and $1.8B in deposits. The FDIC's estimated loss on the failure is $15.7M (0.7% of assets).
- Closing date
- February 23, 1990
- FDIC certificate #
- 31273
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Security Pacific Nb, NA
- Insurance fund
- RTC
Other failures in 1990
- First Fs & LA of Andalusia AL
- Capitol Bank and Trust Company MA
- Southern Fs LA
- Enterprise Savings Bank, Fa IL
- Arkansas FSB AR
- Mid-America Fs & LA OH
- Home Federal Bank for Savings IL
- Frontier Savings Association NV
- Peoples State Bank TX
- Far Western Bank CA
- Olympic Federal Savings IL
- Comfed Savings Bank MA
- Old Borough Savings & Loan NJ
- Community Fs & LA MO
- The State Bank of Omaha TX
- Empire Savings Bank NJ
- First Commercial Bank of Florida FL
- First State Bank OK
- Washington County State Bank TX
- Bank of Commerce LA
- New England Allbank for Savings MA
- Heights Bank TX
- Central Federal Savings NY
- First National Bank of Rowlett TX