SOUTHEAST BANK OF WEST FLORIDA Failed 1991
What happened
SOUTHEAST BANK OF WEST FLORIDA of PENSACOLA, FL was closed on 1991-09-19. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST UNION NATIONAL BANK O (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3189
- FDIC Certificate
- 16944
- FDIC FIN
- 4401
- Bank name
- SOUTHEAST BANK OF WEST FLORIDA
- Location
- PENSACOLA, FL
- Failure date
- 1991-09-19
- FDIC resolution date
- 1991-09-19
- 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.)
- $0M
- Deposits at failure
- $88M
- Assets at failure
- $97M
- Acquiring bank
- FIRST UNION NATIONAL BANK O (JACKSONVILLE, FL)
Other banks FIRST UNION NATIONAL BANK O acquired in FDIC resolutions