# MERCURY SAVINGS

> **Failed bank** · HUNTINGTON BEACH, CA · failed 1990-02-23 · SL · FDIC cost $16M

## What happened

MERCURY SAVINGS of HUNTINGTON BEACH, CA was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- WASHINGTON S & L ASSOC. (STOCKTON, CA) — failed 1989-04-06 — /failed-bank/2340
- GIBRALTAR SAVINGS, FA (SIMI VALLEY, CA) — failed 1989-03-31 — /failed-bank/2311

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MERCURY%20SAVINGS

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCURY SAVINGS (FDIC ID 2677), failed 1990-02-23. Retrieved via AI Analytics 2026-07-02 from https://api.ai-analytics.org/failed-bank/2677.

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