FIRST COMMERCIAL BANK OF FLORIDA Failed 1990
What happened
FIRST COMMERCIAL BANK OF FLORIDA of BOCA RATON, FL was closed on 1990-12-14. 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
- 2967
- FDIC Certificate
- 25125
- FDIC FIN
- 4304
- Bank name
- FIRST COMMERCIAL BANK OF FLORIDA
- Location
- BOCA RATON, FL
- Failure date
- 1990-12-14
- FDIC resolution date
- 1990-12-14
- 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.)
- $27M
- Deposits at failure
- $164M
- Assets at failure
- $172M
- Acquiring bank
- BANK OF NORTH AMERICA (MIAMI, FL)
Other banks BANK OF NORTH AMERICA acquired in FDIC resolutions