SEAFIRST BANK Failed 1991

PORT ST. LUCIE, FL · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

SEAFIRST BANK of PORT ST. LUCIE, 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 RIVERSIDE NATIONAL BANK OF (FORT PIERCE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3029
FDIC Certificate
25145
FDIC FIN
4328
Bank name
SEAFIRST BANK
Location
PORT ST. LUCIE, 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.)
$2M
Deposits at failure
$12M
Assets at failure
$12M
Acquiring bank
RIVERSIDE NATIONAL BANK OF (FORT PIERCE, FL)