ROYAL PALM SAVINGS BANK Failed 1989
What happened
ROYAL PALM SAVINGS BANK of WEST PALM BEACH, 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 PALM BEACH (PALM BEACH, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2267
- FDIC Certificate
- 32160
- FDIC FIN
- 7048
- Bank name
- ROYAL PALM SAVINGS BANK
- Location
- WEST PALM BEACH, 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.)
- $188M
- Deposits at failure
- $491M
- Assets at failure
- $564M
- Acquiring bank
- BARNETT BANK OF PALM BEACH (PALM BEACH, FL)