CARIBANK Failed 1988

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

What happened

CARIBANK of DANIA, FL was closed on 1988-12-09. The FDIC was named receiver.

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

Deposits were transferred to CITIBANK FLORIDA NA (DANIA, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
1998
FDIC Certificate
143
FDIC FIN
2941
Bank name
CARIBANK
Location
DANIA, FL
Failure date
1988-12-09
FDIC resolution date
1988-12-09
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.)
$39M
Deposits at failure
$523M
Assets at failure
$526M
Acquiring bank
CITIBANK FLORIDA NA (DANIA, FL)