CREDITBANK Failed 1990
What happened
CREDITBANK of CUTLER RIDGE, FL was closed on 1990-01-26. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to CAPITAL BANK (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2629
- FDIC Certificate
- 19273
- FDIC FIN
- 4145
- Bank name
- CREDITBANK
- Location
- CUTLER RIDGE, FL
- Failure date
- 1990-01-26
- FDIC resolution date
- 1990-01-26
- Charter type
- State commercial bank, non-Federal Reserve member (FDIC-supervised)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $74M
- Assets at failure
- $76M
- Acquiring bank
- CAPITAL BANK (MIAMI, FL)
Other banks CAPITAL BANK acquired in FDIC resolutions