# LINCOLN S & LA

> **Failed bank** · MIAMI, FL · failed 1989-03-16 · SL · FDIC cost $68M

## What happened

LINCOLN S & LA of MIAMI, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $68M
- **Deposits at failure:** $263M
- **Assets at failure:** $261M
- **Acquiring bank:** BARNETT BANK OF SOUTH FL (MIAMI, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, LINCOLN S & LA (FDIC ID 2261), failed 1989-03-16. Retrieved via AI Analytics 2026-05-24 from https://api.ai-analytics.org/failed-bank/2261.

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