INVESTORS OF FLORIDA Failed 1990
What happened
INVESTORS OF FLORIDA of DEERFIELD BEACH, FL was closed on 1990-06-01. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to J. P. MORGAN FL, FSB (DEERFIELD BEACH, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2799
- FDIC Certificate
- 32315
- FDIC FIN
- 7315
- Bank name
- INVESTORS OF FLORIDA
- Location
- DEERFIELD BEACH, FL
- Failure date
- 1990-06-01
- FDIC resolution date
- 1991-06-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $64M
- Deposits at failure
- $245M
- Assets at failure
- $283M
- Acquiring bank
- J. P. MORGAN FL, FSB (DEERFIELD BEACH, FL)