SEMINOLE NATIONAL BANK Failed 1989

HOLLYWOOD, FL · National commercial bank (OCC-chartered) · view on FDIC BankFind ↗

What happened

SEMINOLE NATIONAL BANK of HOLLYWOOD, FL was closed on 1989-04-27. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to FAMILY BANK OF HALLANDALE (HALLANDALE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2361
FDIC Certificate
25794
FDIC FIN
4010
Bank name
SEMINOLE NATIONAL BANK
Location
HOLLYWOOD, FL
Failure date
1989-04-27
FDIC resolution date
1989-04-27
Charter type
National commercial bank (OCC-chartered)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$1M
Deposits at failure
$8M
Assets at failure
$7M
Acquiring bank
FAMILY BANK OF HALLANDALE (HALLANDALE, FL)