# MECHANICS NATIONAL BANK

> **Failed bank** · PARAMOUNT, CA · failed 1994-04-01 · National commercial bank (OCC-chartered) · FDIC cost $48M

## What happened

MECHANICS NATIONAL BANK of PARAMOUNT, CA was closed by the OCC on **1994-04-01**. The FDIC was named receiver.

**Resolution:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors

Deposits were transferred to **HOME BANK** (SIGNAL HILL, CA). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3483
- **FDIC Certificate:** 19367
- **FDIC FIN:** 4606
- **Bank name:** MECHANICS NATIONAL BANK
- **Location:** PARAMOUNT, CA
- **Failure date:** 1994-04-01
- **FDIC resolution date:** 1994-04-01
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Payout / Insured deposits — FDIC paid insured deposits directly to depositors
- **Estimated FDIC DIF cost:** $48M
- **Deposits at failure:** $149M
- **Assets at failure:** $149M
- **Acquiring bank:** HOME BANK (SIGNAL HILL, CA)

## Other banks HOME BANK has acquired in FDIC resolutions

- STATEWIDE BANK (COVINGTON, LA) — failed 2010-03-12 — /failed-bank/3762
- BANK OF SAN PEDRO (LOS ANGELES, CA) — failed 1994-07-15 — /failed-bank/3491

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MECHANICS NATIONAL BANK (FDIC ID 3483), failed 1994-04-01. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/3483.

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