# SOUTHERN FLORIDABANC FEDERAL

> **Failed bank** · BOCA RATON, FL · failed 1989-02-17 · SL · FDIC cost $162M

## What happened

SOUTHERN FLORIDABANC FEDERAL of BOCA RATON, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- FREEDOM S & LA (TAMPA, FL) — failed 1989-02-07 — /failed-bank/2089

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=SOUTHERN%20FLORIDABANC%20FEDERAL

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, SOUTHERN FLORIDABANC FEDERAL (FDIC ID 2129), failed 1989-02-17. Retrieved via AI Analytics 2026-05-16 from https://api.ai-analytics.org/failed-bank/2129.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*