FLORIDA CENTER BANK Failed 1986

ORLANDO, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FLORIDA CENTER BANK of ORLANDO, FL was closed on 1986-04-18. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to AMERICAN NB OF FLORIDA (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1183
FDIC Certificate
21531
FDIC FIN
2551
Bank name
FLORIDA CENTER BANK
Location
ORLANDO, FL
Failure date
1986-04-18
FDIC resolution date
1986-04-18
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.)
$15M
Deposits at failure
$72M
Assets at failure
$79M
Acquiring bank
AMERICAN NB OF FLORIDA (JACKSONVILLE, FL)