# MCNULTY BANKING COMPANY

> **Failed bank** · ST. PETERSBURG, FL · failed 1987-08-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $7M

## What happened

MCNULTY BANKING COMPANY of ST. PETERSBURG, FL was closed by regulators on **1987-08-14**. The FDIC was named receiver.

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

Deposits were transferred to **BARNETT BK OF PINELLAS C** (ST. PETERSBURG, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1497
- **FDIC Certificate:** 20345
- **FDIC FIN:** 2719
- **Bank name:** MCNULTY BANKING COMPANY
- **Location:** ST. PETERSBURG, FL
- **Failure date:** 1987-08-14
- **FDIC resolution date:** 1987-08-14
- **Charter type:** State commercial bank, non-Federal Reserve member (FDIC-supervised)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $53M
- **Assets at failure:** $57M
- **Acquiring bank:** BARNETT BK OF PINELLAS C (ST. PETERSBURG, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=MCNULTY%20BANKING%20COMPANY

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MCNULTY BANKING COMPANY (FDIC ID 1497), failed 1987-08-14. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/1497.

---

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