# SOUTH COAST BANK

> **Failed bank** · COSTA MESA, CA · failed 1985-04-12 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $1M

## What happened

SOUTH COAST BANK of COSTA MESA, CA was closed by regulators on **1985-04-12**. The FDIC was named receiver.

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

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


## Key facts

- **FDIC ID:** 976
- **FDIC Certificate:** 21984
- **FDIC FIN:** 2455
- **Bank name:** SOUTH COAST BANK
- **Location:** COSTA MESA, CA
- **Failure date:** 1985-04-12
- **FDIC resolution date:** 1985-04-12
- **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:** $1M
- **Deposits at failure:** $29M
- **Assets at failure:** $31M
- **Acquiring bank:** HARBOR BANK (LONG BEACH, CA)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTH COAST BANK (FDIC ID 976), failed 1985-04-12. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/976.

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