UNITED SAVINGS OF AMERICA, FA Failed 1992
What happened
UNITED SAVINGS OF AMERICA, FA of MELBOURNE, FL was closed on 1992-02-07. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BARNETT BANK OF CENTRAL FL (ORLANDO, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3272
- FDIC Certificate
- 30265
- FDIC FIN
- 2151
- Bank name
- UNITED SAVINGS OF AMERICA, FA
- Location
- MELBOURNE, FL
- Failure date
- 1992-02-07
- FDIC resolution date
- 1992-02-07
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $15M
- Deposits at failure
- $293M
- Assets at failure
- $327M
- Acquiring bank
- BARNETT BANK OF CENTRAL FL (ORLANDO, FL)