BEACH FS&LA Failed 1988
What happened
BEACH FS&LA of BOYNTON BEACH, FL was closed on 1988-12-30. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to BEACH FS&LA (BOYNTON BEACH, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2062
- FDIC Certificate
- 32492
- FDIC FIN
- 1785
- Bank name
- BEACH FS&LA
- Location
- BOYNTON BEACH, FL
- Failure date
- 1988-12-30
- FDIC resolution date
- 1988-12-30
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $1,291M
- Deposits at failure
- $1,191M
- Assets at failure
- $1,142M
- Acquiring bank
- BEACH FS&LA (BOYNTON BEACH, FL)
Other banks BEACH FS&LA acquired in FDIC resolutions