NORTH RIDGE BANK Failed 1991
What happened
NORTH RIDGE BANK of OAKLAND PARK, FL was closed on 1991-12-20. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to INTERCONTINENTAL BANK (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3251
- FDIC Certificate
- 21113
- FDIC FIN
- 4433
- Bank name
- NORTH RIDGE BANK
- Location
- OAKLAND PARK, FL
- Failure date
- 1991-12-20
- FDIC resolution date
- 1991-12-20
- 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.)
- $3M
- Deposits at failure
- $93M
- Assets at failure
- $94M
- Acquiring bank
- INTERCONTINENTAL BANK (MIAMI, FL)
Other banks INTERCONTINENTAL BANK acquired in FDIC resolutions