# CORAL COAST FSB

> **Failed bank** · BOYNTON BEACH, FL · failed 1991-08-02 · Savings bank · FDIC cost $16M

## What happened

CORAL COAST FSB of BOYNTON BEACH, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $60M
- **Assets at failure:** $61M
- **Acquiring bank:** MACKINAC SB, FSB (BOYNTON BEACH, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=CORAL%20COAST%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, CORAL COAST FSB (FDIC ID 3154), failed 1991-08-02. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/3154.

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