# FIRST COMMERCIAL BANK OF FLORIDA

> **Failed bank** · BOCA RATON, FL · failed 1990-12-14 · State commercial bank, non-Federal Reserve member (FDIC-supervised) · FDIC cost $27M

## What happened

FIRST COMMERCIAL BANK OF FLORIDA of BOCA RATON, FL was closed by regulators 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
- **Estimated FDIC DIF cost:** $27M
- **Deposits at failure:** $164M
- **Assets at failure:** $172M
- **Acquiring bank:** BANK OF NORTH AMERICA (MIAMI, FL)

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

- AMBASSADOR FS & LA (TAMARAC, FL) — failed 1990-08-24 — /failed-bank/2881
- 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=FIRST%20COMMERCIAL%20BANK%20OF%20FLORIDA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST COMMERCIAL BANK OF FLORIDA (FDIC ID 2967), failed 1990-12-14. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/2967.

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