# CORAL S & LA

> **Failed bank** · CORAL SPRINGS, FL · failed 1991-01-25 · SL · FDIC cost $4M

## What happened

CORAL S & LA of CORAL SPRINGS, FL was closed by state regulators on **1991-01-25**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BANK OF N. AMERICA-BROWARD** (FT. LAUDERDALE, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3001
- **FDIC Certificate:** 32523
- **FDIC FIN:** 7331
- **Bank name:** CORAL S & LA
- **Location:** CORAL SPRINGS, FL
- **Failure date:** 1991-01-25
- **FDIC resolution date:** 1991-06-28
- **Charter type:** SL
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $32M
- **Assets at failure:** $32M
- **Acquiring bank:** BANK OF N. AMERICA-BROWARD (FT. LAUDERDALE, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CORAL S & LA (FDIC ID 3001), failed 1991-01-25. Retrieved via AI Analytics 2026-07-12 from https://api.ai-analytics.org/failed-bank/3001.

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*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*