LINCOLN S & LA Failed 1989
What happened
LINCOLN S & LA of MIAMI, FL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to BARNETT BANK OF SOUTH FL (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2261
- FDIC Certificate
- 32035
- FDIC FIN
- 7047
- Bank name
- LINCOLN S & LA
- Location
- MIAMI, FL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-08
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $68M
- Deposits at failure
- $263M
- Assets at failure
- $261M
- Acquiring bank
- BARNETT BANK OF SOUTH FL (MIAMI, FL)