Regulators have scheduled a hearing for Oct....

Regulators have scheduled a hearing for Oct. 10 to determine if federal insurance for deposits in the Merchant Bank of California should be revoked, the bank announced. The hearing follows a yearlong search for an investor or buyer to pump $3 million into the small Beverly Hills bank to bring its reserves up to the level required by the Federal Deposit Insurance Corp. So far, regulators have been unable to find another institution willing to buy the bank, but discussions continue with potential investors. It is one of California’s smaller banks, with $71.7 million in assets as of March 31, 1987.