OCEANMARK BANK, A FSB Failed 1999
What happened
OCEANMARK BANK, A FSB of NORTH MIAMI BEACH, FL was closed on 1999-07-09. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to THIRD FS&LA OF FLORIDA (NORTH MIAMI BEAC, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3519
- FDIC Certificate
- 32491
- FDIC FIN
- 6002
- Bank name
- OCEANMARK BANK, A FSB
- Location
- NORTH MIAMI BEACH, FL
- Failure date
- 1999-07-09
- FDIC resolution date
- 1999-07-09
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $1M
- Deposits at failure
- $61M
- Assets at failure
- $69M
- Acquiring bank
- THIRD FS&LA OF FLORIDA (NORTH MIAMI BEAC, FL)