FIRST FS & LA OF SEMINOLE CO. Failed 1991
What happened
FIRST FS & LA OF SEMINOLE CO. of SANFORD, FL was closed on 1991-04-05. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FEDERAL TRUST BANK, FSB (WINTER PARK, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3061
- FDIC Certificate
- 29417
- FDIC FIN
- 2210
- Bank name
- FIRST FS & LA OF SEMINOLE CO.
- Location
- SANFORD, FL
- Failure date
- 1991-04-05
- FDIC resolution date
- 1992-04-03
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $18M
- Deposits at failure
- $160M
- Assets at failure
- $185M
- Acquiring bank
- FEDERAL TRUST BANK, FSB (WINTER PARK, FL)