TUCKER STATE BANK Failed 1990

JACKSONVILLE, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

TUCKER STATE BANK of JACKSONVILLE, FL was closed on 1990-05-04. The FDIC was named receiver.

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

Deposits were transferred to BARNETT BANK OF JACKSONVILL (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2748
FDIC Certificate
25138
FDIC FIN
4194
Bank name
TUCKER STATE BANK
Location
JACKSONVILLE, FL
Failure date
1990-05-04
FDIC resolution date
1990-05-04
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.)
$18M
Deposits at failure
$43M
Assets at failure
$42M
Acquiring bank
BARNETT BANK OF JACKSONVILL (JACKSONVILLE, FL)