# CARIBANK

> **Failed bank** · DANIA, FL · failed 1988-12-09 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $39M

## What happened

CARIBANK of DANIA, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $39M
- **Deposits at failure:** $523M
- **Assets at failure:** $526M
- **Acquiring bank:** CITIBANK FLORIDA NA (DANIA, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CARIBANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CARIBANK (FDIC ID 1998), failed 1988-12-09. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/1998.

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