FREEDOM S & LA Failed 1989
What happened
FREEDOM S & LA of TAMPA, FL was closed on 1989-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NCNB NB OF FL (TAMPA, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2089
- FDIC Certificate
- 32549
- FDIC FIN
- 6937
- Bank name
- FREEDOM S & LA
- Location
- TAMPA, FL
- Failure date
- 1989-02-07
- FDIC resolution date
- 1989-10-13
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $330M
- Deposits at failure
- $1,132M
- Assets at failure
- $1,402M
- Acquiring bank
- NCNB NB OF FL (TAMPA, FL)
- FDIC comments
- FSLIC-RTC Duplicate Failures
Other banks NCNB NB OF FL acquired in FDIC resolutions