# THE MERCHANTS BANK OF CALIFORNIA

> **Failed bank** · BEVERLY HILLS, CA · failed 1990-06-08 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $3M

## What happened

THE MERCHANTS BANK OF CALIFORNIA of BEVERLY HILLS, CA was closed by regulators on **1990-06-08**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **WESTERN BANK** (LOS ANGELES, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2805
- **FDIC Certificate:** 23795
- **FDIC FIN:** 4225
- **Bank name:** THE MERCHANTS BANK OF CALIFORNIA
- **Location:** BEVERLY HILLS, CA
- **Failure date:** 1990-06-08
- **FDIC resolution date:** 1990-06-08
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $61M
- **Assets at failure:** $62M
- **Acquiring bank:** WESTERN BANK (LOS ANGELES, CA)

## Other banks WESTERN BANK has acquired in FDIC resolutions

- MARITIME BANK OF CALIFORNIA (LOS ANGELES, CA) — failed 1993-08-27 — /failed-bank/3473
- OLYMPIC NATIONAL BANK (LOS ANGELES, CA) — failed 1993-04-02 — /failed-bank/3447
- COLUMBIA NATIONAL BANK (SANTA MONICA, CA) — failed 1993-01-22 — /failed-bank/3433
- COMMUNITY BANK (HARTFORD, SD) — failed 1983-06-17 — /failed-bank/790

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=THE%20MERCHANTS%20BANK%20OF%20CALIFORNIA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE MERCHANTS BANK OF CALIFORNIA (FDIC ID 2805), failed 1990-06-08. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2805.

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