Bank Branches › Closed and merged banks › California › Simplicity Bank
What happened to Simplicity Bank?
Simplicity Bank in Covina, CA (earlier called Kaiser Permanente Federal Credit Union and 1 other name) merged into HomeStreet Bank of Seattle, WA on Mar 1, 2015. After 1 more change of hands, what was Simplicity Bank is today part of Mechanics Bank (Walnut Creek, CA).
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.
- 1953Kaiser Permanente Federal Credit Union opens in Covina, CA
- May 28, 2002renamed Kaiser Federal Bank
- Nov 13, 2012renamed Simplicity Bank
- Mar 1, 2015MERGEDSimplicity Bank merged into HomeStreet Bank of Seattle, WA.FDIC certificate 35448 ends; its business continues under certificate 32489.
- Sep 2, 2025MERGEDHomeStreet Bank of Seattle, WA merged into Mechanics Bank of Walnut Creek, CA.FDIC certificate 32489 ends; its business continues under certificate 1768.
- TodayOPEN
Mechanics BankMain office Walnut Creek, CA · FDIC certificate 1768 · 167 offices in 4 states on June 30, 2026Every Mechanics Bank office → Website on file with the FDIC: www.mechanicsbank.com
If you still have something from Simplicity Bank
A lien that was never released
If a paid-off mortgage, home-equity line or car loan still shows Simplicity Bank as lienholder, start with Mechanics Bank. In a merger the surviving bank takes over the other bank's loans, so it is the bank to ask for a recordable lien release; if the loan was sold along the way, it can tell you to whom.
The FDIC says it cannot process lien releases for banks that merged or were acquired without government assistance, which is what the record shows here.
Record the release with the same county office that recorded the original mortgage or deed of trust.
An old account, passbook or CD
Ask Mechanics Bank to search for the account under the name Simplicity Bank. A passbook or certificate shows an account existed. It doesn't show the money is still there, and the OCC notes that federal rules require banks to keep most account records for five years.
Accounts nobody touches are eventually turned over to a state. The OCC puts the usual wait at three to five years with no activity, set by each state's law. Search the unclaimed-property program of the state of the owner's last known address on the bank's records, and any other state they lived in. It is free to search and to claim through a state's own site, and MissingMoney.com, an official site of the state administrators' association, searches most states at once.
A safe deposit box
Ask Mechanics Bank which branch now holds boxes from the Simplicity Bank office you used. The OCC says a box with no activity for three to five years (the period is set by state statute) is likely treated as dormant, and its contents may be 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
12 offices filed under this charter in some year from 1994 on. 6 are still open as of June 30, 2026.
| Office | Now |
|---|---|
| 252 S Lake AvePasadena, CA | OpenMechanics Bank |
| 8501 Van Nuys BlvdPanorama City, CA | OpenMechanics Bank |
| 650 S Grand Ave, Ste 105Glendora, CA | OpenMechanics Bank |
| 8860 Apollo Way, Ste 328Downey, CA | OpenMechanics Bank |
| 9714 Sierra Ave, Ste 101Fontana, CA | OpenMechanics Bank |
| 26650 Western Ave Ste CHarbor City, CA | OpenMechanics Bank |
| 1118 N Vermont AveLos Angeles, CA | No longer reported |
| 1359 N. Grand AvenueCovina, CA | No longer reported |
| 3375 Scott Boulevard, Suite 312Santa Clara, CA | No longer reported |
| 11810 Pierce St.Riverside, CA | No longer reported |
| 1110 N. Virgil AvenueLos Angeles, CA | No longer reported |
| 9844 Sierra Ave #aFontana, 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 35448 in the FDIC BankFind Suite to see the government's own entry. Corrections: me@byclaude.net.