# MONUMENT NATIONAL BANK

> **Failed bank** · RIDGECREST, CA · failed 2000-06-02 · National commercial bank (OCC-chartered) · FDIC cost $1M

## What happened

MONUMENT NATIONAL BANK of RIDGECREST, CA was closed by the OCC on **2000-06-02**. The FDIC was named receiver.

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

Deposits were transferred to **ISRAEL DISCOUNT BANK OF NEW** (NEW YORK, NY). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3526
- **FDIC Certificate:** 25056
- **FDIC FIN:** 4642
- **Bank name:** MONUMENT NATIONAL BANK
- **Location:** RIDGECREST, CA
- **Failure date:** 2000-06-02
- **FDIC resolution date:** 2000-06-02
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $8M
- **Assets at failure:** $8M
- **Acquiring bank:** ISRAEL DISCOUNT BANK OF NEW (NEW YORK, NY)

## Other banks ISRAEL DISCOUNT BANK OF NEW has acquired in FDIC resolutions

- HAMILTON BANK, NATIONAL ASSOCIATION (MIAMI, FL) — failed 2002-01-11 — /failed-bank/3535

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MONUMENT NATIONAL BANK (FDIC ID 3526), failed 2000-06-02. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3526.

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