# CREDITBANK

> **Failed bank** · CUTLER RIDGE, FL · failed 1990-01-26 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $16M

## What happened

CREDITBANK of CUTLER RIDGE, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $74M
- **Assets at failure:** $76M
- **Acquiring bank:** CAPITAL BANK (MIAMI, FL)

## Other banks CAPITAL BANK has acquired in FDIC resolutions

- GARDEN GROVE COMMUNITY BANK (GARDEN GROVE, CA) — failed 1984-06-01 — /failed-bank/884
- ALL AMERICAN NATIONAL BANK (VIRGINA GARDENS, FL) — failed 1984-03-02 — /failed-bank/854

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CREDITBANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CREDITBANK (FDIC ID 2629), failed 1990-01-26. Retrieved via AI Analytics 2026-07-11 from https://api.ai-analytics.org/failed-bank/2629.

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