# AMBASSADOR FS & LA

> **Failed bank** · TAMARAC, FL · failed 1990-08-24 · SL · FDIC cost $52M

## What happened

AMBASSADOR FS & LA of TAMARAC, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $52M
- **Deposits at failure:** $162M
- **Assets at failure:** $184M
- **Acquiring bank:** BANK OF NORTH AMERICA (MIAMI, FL)

## Other banks BANK OF NORTH AMERICA has acquired in FDIC resolutions

- FIRST COMMERCIAL BANK OF FLORIDA (BOCA RATON, FL) — failed 1990-12-14 — /failed-bank/2967
- BANK M (MIAMI, FL) — failed 1990-06-15 — /failed-bank/2814

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=AMBASSADOR%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, AMBASSADOR FS & LA (FDIC ID 2881), failed 1990-08-24. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/2881.

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