CORAL COAST FSB Failed 1991
What happened
CORAL COAST FSB of BOYNTON BEACH, FL was closed on 1991-08-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to MACKINAC SB, FSB (BOYNTON BEACH, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3154
- FDIC Certificate
- 32438
- FDIC FIN
- 1292
- Bank name
- CORAL COAST FSB
- Location
- BOYNTON BEACH, FL
- Failure date
- 1991-08-02
- FDIC resolution date
- 1994-07-15
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $60M
- Assets at failure
- $61M
- Acquiring bank
- MACKINAC SB, FSB (BOYNTON BEACH, FL)