FLAGLER FS & LA Failed 1992
What happened
FLAGLER FS & LA of MIAMI, FL was closed on 1992-03-27. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to FIRST UNION NB OF FL (JACKSONVILLE, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3300
- FDIC Certificate
- 30826
- FDIC FIN
- 2201
- Bank name
- FLAGLER FS & LA
- Location
- MIAMI, FL
- Failure date
- 1992-03-27
- FDIC resolution date
- 1992-03-27
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $102M
- Deposits at failure
- $1,493M
- Assets at failure
- $1,601M
- Acquiring bank
- FIRST UNION NB OF FL (JACKSONVILLE, FL)
Other banks FIRST UNION NB OF FL acquired in FDIC resolutions