# SOUTH FLORIDA SAVINGS BANK

> **Failed bank** · DAVIE, FL · failed 1987-03-25 · SL · FDIC cost $4M

## What happened

SOUTH FLORIDA SAVINGS BANK of DAVIE, FL was closed by state regulators on **1987-03-25**. The FDIC was named receiver.

**Resolution:** A/A

Deposits were transferred to **FIRST FS&LA OF JACKSONVILLE** (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1402
- **FDIC Certificate:** 32050
- **FDIC FIN:** 1784
- **Bank name:** SOUTH FLORIDA SAVINGS BANK
- **Location:** DAVIE, FL
- **Failure date:** 1987-03-25
- **FDIC resolution date:** 1988-12-31
- **Charter type:** SL
- **Resolution type:** A/A
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $176M
- **Assets at failure:** $172M
- **Acquiring bank:** FIRST FS&LA OF JACKSONVILLE (JACKSONVILLE, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SOUTH%20FLORIDA%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTH FLORIDA SAVINGS BANK (FDIC ID 1402), failed 1987-03-25. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/1402.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*