FIRST MARINE BANK OF FLORIDA Failed 1991
What happened
FIRST MARINE BANK OF FLORIDA of PALM CITY, FL was closed on 1991-03-08. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to 1ST UNITED BANK (BOCA RATON, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3028
- FDIC Certificate
- 24831
- FDIC FIN
- 4329
- Bank name
- FIRST MARINE BANK OF FLORIDA
- Location
- PALM CITY, FL
- Failure date
- 1991-03-08
- FDIC resolution date
- 1991-03-08
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $4M
- Deposits at failure
- $17M
- Assets at failure
- $17M
- Acquiring bank
- 1ST UNITED BANK (BOCA RATON, FL)
Other banks 1ST UNITED BANK acquired in FDIC resolutions