FLORIDA STATE BANK Failed 1991

HOLIDAY, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

FLORIDA STATE BANK of HOLIDAY, FL was closed on 1991-05-24. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to ORANGE BANK (OCOEE, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3111
FDIC Certificate
20753
FDIC FIN
4360
Bank name
FLORIDA STATE BANK
Location
HOLIDAY, FL
Failure date
1991-05-24
FDIC resolution date
1991-05-24
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$16M
Deposits at failure
$82M
Assets at failure
$87M
Acquiring bank
ORANGE BANK (OCOEE, FL)