SOUTHERN FLORIDABANC FEDERAL Failed 1989
What happened
SOUTHERN FLORIDABANC FEDERAL of BOCA RATON, FL was closed on 1989-02-17. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to NCNB NB OF FL (TAMPA, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2129
- FDIC Certificate
- 32535
- FDIC FIN
- 6927
- Bank name
- SOUTHERN FLORIDABANC FEDERAL
- Location
- BOCA RATON, FL
- Failure date
- 1989-02-17
- FDIC resolution date
- 1989-10-06
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $162M
- Deposits at failure
- $256M
- Assets at failure
- $143M
- Acquiring bank
- NCNB NB OF FL (TAMPA, FL)
- FDIC comments
- FSLIC-RTC Duplicate Failures
Other banks NCNB NB OF FL acquired in FDIC resolutions