MERCURY SAVINGS Failed 1990
What happened
MERCURY SAVINGS of HUNTINGTON BEACH, CA was closed on 1990-02-23. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to SECURITY PACIFIC NB, NA (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2677
- FDIC Certificate
- 31273
- FDIC FIN
- 7187
- Bank name
- MERCURY SAVINGS
- Location
- HUNTINGTON BEACH, CA
- Failure date
- 1990-02-23
- FDIC resolution date
- 1990-09-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $1,794M
- Assets at failure
- $2,159M
- Acquiring bank
- SECURITY PACIFIC NB, NA (LOS ANGELES, CA)
Other banks SECURITY PACIFIC NB, NA acquired in FDIC resolutions