HOLLYWOOD FSB Failed 1991
What happened
HOLLYWOOD FSB of HOLLYWOOD, FL was closed on 1991-02-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST UNION NB OF FL (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3022
- FDIC Certificate
- 29015
- FDIC FIN
- 1298
- Bank name
- HOLLYWOOD FSB
- Location
- HOLLYWOOD, FL
- Failure date
- 1991-02-22
- FDIC resolution date
- 1994-08-19
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $83M
- Deposits at failure
- $1,370M
- Assets at failure
- $1,525M
- Acquiring bank
- FIRST UNION NB OF FL (JACKSONVILLE, FL)
Other banks FIRST UNION NB OF FL acquired in FDIC resolutions