SOUTHERN FLORIDABANC SA Failed 1987

BOCA RATON, FL · SL · view on FDIC BankFind ↗

What happened

SOUTHERN FLORIDABANC SA of BOCA RATON, FL was closed on 1987-04-16. The FDIC was named receiver.

Resolution: MGR

Deposits were transferred to 0 (0, 0). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1418
FDIC Certificate
32204
FDIC FIN
0
Bank name
SOUTHERN FLORIDABANC SA
Location
BOCA RATON, FL
Failure date
1987-04-16
Charter type
SL
Resolution type
MGR
Deposits at failure
$257M
Assets at failure
$219M
Acquiring bank
0 (0, 0)
FDIC comments
FSLIC-RTC Duplicate Failures

Other banks 0 acquired in FDIC resolutions