FIRST VENICE S & LA Failed 1989
What happened
FIRST VENICE S & LA of VENICE, FL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NBD FLORIDA, FSB (VENICE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2264
- FDIC Certificate
- 32081
- FDIC FIN
- 7035
- Bank name
- FIRST VENICE S & LA
- Location
- VENICE, FL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-06-01
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $62M
- Assets at failure
- $59M
- Acquiring bank
- NBD FLORIDA, FSB (VENICE, FL)