# MERCHANTS & MECHANICS FSB

> **Failed bank** · SPRINGFIELD, OH · failed 1991-08-23 · Savings bank · FDIC cost $23M

## What happened

MERCHANTS & MECHANICS FSB of SPRINGFIELD, OH was closed by state regulators on **1991-08-23**. The FDIC was named receiver.

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

Deposits were transferred to **BANC ONE FSB** (COLUMBUS, OH). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3169
- **FDIC Certificate:** 27693
- **FDIC FIN:** 7415
- **Bank name:** MERCHANTS & MECHANICS FSB
- **Location:** SPRINGFIELD, OH
- **Failure date:** 1991-08-23
- **FDIC resolution date:** 1991-08-23
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $23M
- **Deposits at failure:** $206M
- **Assets at failure:** $210M
- **Acquiring bank:** BANC ONE FSB (COLUMBUS, OH)

## Other banks BANC ONE FSB has acquired in FDIC resolutions

- BRIGHT BANC (DALLAS, TX) — failed 1989-02-10 — /failed-bank/2096

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MERCHANTS%20%26%20MECHANICS%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MERCHANTS & MECHANICS FSB (FDIC ID 3169), failed 1991-08-23. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/3169.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*