PARK BANK OF FLORIDA Failed 1986
What happened
PARK BANK OF FLORIDA of ST. PETERSBURG, FL was closed on 1986-02-14. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CHASE BANK OF FLORIDA NA (ST. PETERSBURG, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1146
- FDIC Certificate
- 20859
- FDIC FIN
- 2536
- Bank name
- PARK BANK OF FLORIDA
- Location
- ST. PETERSBURG, FL
- Failure date
- 1986-02-14
- FDIC resolution date
- 1986-02-14
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $135M
- Deposits at failure
- $578M
- Assets at failure
- $592M
- Acquiring bank
- CHASE BANK OF FLORIDA NA (ST. PETERSBURG, FL)