# HOLLYWOOD FSB

> **Failed bank** · HOLLYWOOD, FL · failed 1991-02-22 · Savings bank · FDIC cost $83M

## What happened

HOLLYWOOD FSB of HOLLYWOOD, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- JACKSONVILLE FSA (JACKSONVILLE, FL) — failed 1992-06-26 — /failed-bank/3353
- SECURITY FIRST FS & LA (DAYTONA BEACH, FL) — failed 1992-04-10 — /failed-bank/3308
- FLAGLER FS & LA (MIAMI, FL) — failed 1992-03-27 — /failed-bank/3300

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=HOLLYWOOD%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, HOLLYWOOD FSB (FDIC ID 3022), failed 1991-02-22. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3022.

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