# FIRST VENICE S & LA

> **Failed bank** · VENICE, FL · failed 1989-03-16 · SL · FDIC cost $1M

## What happened

FIRST VENICE S & LA of VENICE, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $62M
- **Assets at failure:** $59M
- **Acquiring bank:** NBD FLORIDA, FSB (VENICE, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST VENICE S & LA (FDIC ID 2264), failed 1989-03-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2264.

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