# BEACH FEDERAL SAVINGS ASSOC.

> **Failed bank** · FOUNTAIN VALLEY, CA · failed 1991-01-18 · SL · FDIC cost $0M

## What happened

BEACH FEDERAL SAVINGS ASSOC. of FOUNTAIN VALLEY, CA was closed by state regulators on **1991-01-18**. The FDIC was named receiver.

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

Deposits were transferred to **QUEEN CITY BANK, NA** (LONG BEACH, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 2994
- **FDIC Certificate:** 32332
- **FDIC FIN:** 7358
- **Bank name:** BEACH FEDERAL SAVINGS ASSOC.
- **Location:** FOUNTAIN VALLEY, CA
- **Failure date:** 1991-01-18
- **FDIC resolution date:** 1991-07-19
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $0M
- **Deposits at failure:** $81M
- **Assets at failure:** $82M
- **Acquiring bank:** QUEEN CITY BANK, NA (LONG BEACH, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BEACH FEDERAL SAVINGS ASSOC. (FDIC ID 2994), failed 1991-01-18. Retrieved via AI Analytics 2026-07-01 from https://api.ai-analytics.org/failed-bank/2994.

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