# FREEDOM S & LA

> **Failed bank** · TAMPA, FL · failed 1989-02-07 · SL · FDIC cost $330M

## What happened

FREEDOM S & LA of TAMPA, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- SOUTHERN FLORIDABANC FEDERAL (BOCA RATON, FL) — failed 1989-02-17 — /failed-bank/2129

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FREEDOM%20S%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FREEDOM S & LA (FDIC ID 2089), failed 1989-02-07. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2089.

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