ORANGE STATE BANK Failed 1989
What happened
ORANGE STATE BANK of MIAMI, FL was closed on 1989-12-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to HELM BANK (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2583
- FDIC Certificate
- 24623
- FDIC FIN
- 4129
- Bank name
- ORANGE STATE BANK
- Location
- MIAMI, FL
- Failure date
- 1989-12-08
- FDIC resolution date
- 1989-12-08
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $8M
- Assets at failure
- $8M
- Acquiring bank
- HELM BANK (MIAMI, FL)
Other banks HELM BANK acquired in FDIC resolutions