# ROYAL PALM SAVINGS BANK

> **Failed bank** · WEST PALM BEACH, FL · failed 1989-03-16 · SL · FDIC cost $188M

## What happened

ROYAL PALM SAVINGS BANK of WEST PALM BEACH, 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 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
- **Estimated FDIC DIF cost:** $188M
- **Deposits at failure:** $491M
- **Assets at failure:** $564M
- **Acquiring bank:** BARNETT BANK OF PALM BEACH (PALM BEACH, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=ROYAL%20PALM%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, ROYAL PALM SAVINGS BANK (FDIC ID 2267), failed 1989-03-16. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/2267.

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