# INVESTORS OF FLORIDA

> **Failed bank** · DEERFIELD BEACH, FL · failed 1990-06-01 · SL · FDIC cost $64M

## What happened

INVESTORS OF FLORIDA of DEERFIELD BEACH, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $64M
- **Deposits at failure:** $245M
- **Assets at failure:** $283M
- **Acquiring bank:** J. P. MORGAN FL, FSB (DEERFIELD BEACH, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=INVESTORS%20OF%20FLORIDA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, INVESTORS OF FLORIDA (FDIC ID 2799), failed 1990-06-01. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/2799.

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