TROPICAL FS&LA Failed 1989
What happened
TROPICAL FS&LA of MIAMI, FL was closed on 1989-04-13. The FDIC was named receiver.
Resolution: A/A
Deposits were transferred to FIRST FEDERAL SB (SANTURCE, PR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2354
- FDIC Certificate
- 32108
- FDIC FIN
- 1793
- Bank name
- TROPICAL FS&LA
- Location
- MIAMI, FL
- Failure date
- 1989-04-13
- FDIC resolution date
- 1989-04-13
- Charter type
- SL
- Resolution type
- A/A
- FDIC DIF cost (est.)
- $12M
- Deposits at failure
- $62M
- Assets at failure
- $55M
- Acquiring bank
- FIRST FEDERAL SB (SANTURCE, PR)