Data / Bank failures / 1990 / Mercury Savings
Mercury Savings, Huntington Beach, CA: failed February 23, 1990
Mercury Savings in Huntington Beach, California, failed on February 23, 1990. Security Pacific NB, NA of Los Angeles, CA, took over its deposits. It held $2.16 billion in assets and $1.79 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $15.7 million (0.7% of its assets). By assets it was the 15th largest of 382 banks closed or assisted in 1990.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- February 23, 1990
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Security Pacific NB, NA, Los Angeles, CA
- Total assets
- $2,158,830,000
- Total deposits
- $1,794,178,000
- Estimated cost to the FDIC
- $15,682,728 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- RTC
- FDIC certificate
- 31273
Other bank failures in California, 1988 to 1992
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Huntington Pacific Thrift & Loan | Huntington | December 4, 1992 | $40.5 million | $38.3 million | $17.4 million | |
| Statewide Thrift and Loan Co. | Redwood City | November 13, 1992 | $9.6 million | $9.5 million | $2.3 million | Fireside Thrift Co |
| Homestead Fsa | San Francisco | October 30, 1992 | $1.31 billion | $1.23 billion | $19.2 million | |
| Homefed Bank, FA | San Diego | July 6, 1992 | $12.18 billion | $8.90 billion | $751.6 million | |
| First Newport FSB | Newport Beach | June 19, 1992 | $35 million | $34.4 million | $3.2 million | Sterling B&T, FSB |
| San Clemente FSB | San Clemente | June 12, 1992 | $220.4 million | $205.7 million | $32.8 million | Household Bank, FSB |
| American Interstate Bank | Newport Beach | June 12, 1992 | $42 million | $40.8 million | $7.4 million | Marine National Bank |
| North American Thrift and Loan | Corona Del Mar | May 29, 1992 | $21.3 million | $20.9 million | $4.5 million |
Other failed banks Security Pacific NB, NA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Washington S & L Assoc. | Stockton | CA | April 6, 1989 | $66.7 million | $68.7 million | $5,733 | Security Pacific NB, NA |
| Gibraltar Savings, FA | Simi Valley | CA | March 31, 1989 | $13.38 billion | $7.58 billion | $94.6 million | Security Pacific NB, NA |
All bank failures in 1990 · All bank failures in California · Every failed bank Security Pacific NB, NA took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.