LIBERTY FEDERAL SAVINGS Failed 1989
What happened
LIBERTY FEDERAL SAVINGS of NEW PORT RICHEY, 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 CITIZENS & SOUTHERN NB FL (FT. LAUDERDALE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2269
- FDIC Certificate
- 32540
- FDIC FIN
- 6902
- Bank name
- LIBERTY FEDERAL SAVINGS
- Location
- NEW PORT RICHEY, FL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1989-08-10
- Charter type
- SL
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $35M
- Deposits at failure
- $91M
- Assets at failure
- $60M
- Acquiring bank
- CITIZENS & SOUTHERN NB FL (FT. LAUDERDALE, FL)
- FDIC comments
- FSLIC-RTC Duplicate Failures