# FLAGLER FS & LA

> **Failed bank** · MIAMI, FL · failed 1992-03-27 · SL · FDIC cost $102M

## What happened

FLAGLER FS & LA of MIAMI, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $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 has acquired in FDIC resolutions

- JACKSONVILLE FSA (JACKSONVILLE, FL) — failed 1992-06-26 — /failed-bank/3353
- SECURITY FIRST FS & LA (DAYTONA BEACH, FL) — failed 1992-04-10 — /failed-bank/3308
- HOLLYWOOD FSB (HOLLYWOOD, FL) — failed 1991-02-22 — /failed-bank/3022

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FLAGLER%20FS%20%26%20LA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FLAGLER FS & LA (FDIC ID 3300), failed 1992-03-27. Retrieved via AI Analytics 2026-07-19 from https://api.ai-analytics.org/failed-bank/3300.

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