Bank Branches › Closed and merged banks › California › Palm Springs Savings Bank, F.S.B.
What happened to Palm Springs Savings Bank, F.S.B.?
Palm Springs Savings Bank, F.S.B. in Palm Springs, CA (earlier called Palm Springs Savings Bank) merged into Hemet Federal Savings and Loan Association of Hemet, CA on Sep 27, 1996. After 3 more changes of hands, what was Palm Springs Savings Bank, F.S.B. is today part of PNC Bank, National Association (Wilmington, DE).
The chain, step by step
From the day it opened to the bank at the end of the chain today. Each step is one entry in the FDIC's record.
- 1980Palm Springs Savings Bank opens in Palm Springs, CA
- Jun 1, 1992renamed Palm Springs Savings Bank, F.S.B.
- Sep 27, 1996MERGEDPalm Springs Savings Bank, F.S.B. merged into Hemet Federal Savings and Loan Association of Hemet, CA.FDIC certificate 32086 ends; its business continues under certificate 28795.
- Jun 30, 1999MERGEDHemet Federal Savings and Loan Association of Hemet, CA merged into Guaranty Federal Bank, F.S.B. of Austin, TX.FDIC certificate 28795 ends; its business continues under certificate 32618.
- Aug 21, 2009FAILEDGuaranty Federal Bank, F.S.B. (by then renamed Guaranty Bank) of Austin, TX failed, and Compass Bank of Birmingham, AL took it over.FDIC certificate 32618 ends; its business continues under certificate 19048.
- Oct 8, 2021MERGEDCompass Bank (by then renamed Bbva USA) of Birmingham, AL merged into PNC Bank, National Association of Wilmington, DE.FDIC certificate 19048 ends; its business continues under certificate 6384.
- TodayOPEN
PNC Bank, National AssociationMain office Wilmington, DE · FDIC certificate 6384 · 2,401 offices in 28 states on June 30, 2026Every PNC Bank, National Association office → Website on file with the FDIC: www.pnc.com
If you still have something from Palm Springs Savings Bank, F.S.B.
A lien that was never released
Guaranty Bank failed on Aug 21, 2009. For a failed bank placed in FDIC receivership, the FDIC may be able to issue the lien release, if the loan was paid off to the bank before it failed or to the FDIC afterward. The FDIC says that where a failed bank had an acquirer, its records in most cases went to that acquirer. Here the chain from the acquirer leads to PNC Bank, National Association, which is worth asking too.
Requests go through the FDIC Information and Support Center with the recorded mortgage or title, and proof of payoff. The FDIC says to allow 30 business days once it has every document, and does not take requests by phone or email. Questions: FDIC Resolution Inquiries, 888-206-4662, 8am–4pm Central on weekdays.
An old account, passbook or CD
When a healthy bank assumes a failed bank's deposits, insured depositors become its customers right away (here, Compass Bank). Start with PNC Bank, National Association, and ask them to search under the name Palm Springs Savings Bank, F.S.B..
For failures since mid-1993 the law sets a clock: insured deposits not claimed within 18 months of the FDIC starting to pay depositors are offered to the state of the depositor's last known address on the bank's records. If the state takes them, the owner has 10 years to claim there before the money returns to the FDIC. Check FDIC unclaimed funds search and that state's unclaimed-property program.
A safe deposit box
The FDIC says that when a healthy bank assumes a failed bank's deposits, the branches usually reopen the next business day with box access. Today, ask PNC Bank, National Association. A box abandoned for years may have been turned over to the state's unclaimed-property program.
Box contents are not covered by FDIC insurance.
Not sure this is your bank?
Many banks shared a name. Match the city and the years above against your paperwork, or search again with the town.
Credit unions were never FDIC-insured and are not in this record; the NCUA credit union lookup covers those. Banks that closed before about 1970 are not in the FDIC's list either.
One caution: banks also sell single branches. If the office you used was sold to a different bank along the way, the account went with the branch, not with this chain. The office list below shows which bank each office reports under now.
This page is drawn from FDIC records and federal guidance. It is not legal advice, and BankBranches is not a bank or a government office. More detail: lien releases · old passbooks and CDs · safe deposit boxes · unclaimed money.
Where the guidance comes from ▾
Its offices in the FDIC deposit reports
4 offices filed under this charter in some year from 1994 on. 1 is still open as of June 30, 2026.
| Office | Now |
|---|---|
| 420 S Palm Canyon DrPalm Springs, CA | OpenPNC Bank, National Association |
| 68325 Hwy 111Cathedral City, CA | No longer reported |
| 66565 Pierson Blvd.Desert Hot Springs, CA | No longer reported |
| 39800 Bob Hope Dr.Rancho Mirage, CA | No longer reported |
Source: FDIC BankFind institution and history records, read Nov 15, 2026. The FDIC's list covers banks that ended in about 1970 or later. Look up certificate 32086 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.