# TROPICAL FS&LA

> **Failed bank** · MIAMI, FL · failed 1989-04-13 · SL · FDIC cost $12M

## What happened

TROPICAL FS&LA of MIAMI, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $12M
- **Deposits at failure:** $62M
- **Assets at failure:** $55M
- **Acquiring bank:** FIRST FEDERAL SB (SANTURCE, PR)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TROPICAL FS&LA (FDIC ID 2354), failed 1989-04-13. Retrieved via AI Analytics 2026-07-08 from https://api.ai-analytics.org/failed-bank/2354.

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