Bank failure · CA

United Mercantile B & T Co, N.A. (Pasadena, CA) — failed March 20, 1992

United Mercantile B & T Co, N.A. of Pasadena, California was closed on March 20, 1992 and resolved through a insured deposit transfer. Onecentral Bank (CA) took over its insured deposits. At failure it held $36.5M in assets and $37.7M in deposits. The FDIC's estimated loss on the failure is $12.4M (34.0% of assets).