AMBASSADOR FS & LA Failed 1990
What happened
AMBASSADOR FS & LA of TAMARAC, FL was closed on 1990-08-24. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF NORTH AMERICA (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2881
- FDIC Certificate
- 32220
- FDIC FIN
- 7328
- Bank name
- AMBASSADOR FS & LA
- Location
- TAMARAC, FL
- Failure date
- 1990-08-24
- FDIC resolution date
- 1991-06-21
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $52M
- Deposits at failure
- $162M
- Assets at failure
- $184M
- Acquiring bank
- BANK OF NORTH AMERICA (MIAMI, FL)
Other banks BANK OF NORTH AMERICA acquired in FDIC resolutions