# OCEANMARK BANK, A FSB

> **Failed bank** · NORTH MIAMI BEACH, FL · failed 1999-07-09 · Savings bank · FDIC cost $1M

## What happened

OCEANMARK BANK, A FSB of NORTH MIAMI BEACH, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $1M
- **Deposits at failure:** $61M
- **Assets at failure:** $69M
- **Acquiring bank:** THIRD FS&LA OF FLORIDA (NORTH MIAMI BEAC, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=OCEANMARK%20BANK%2C%20A%20FSB

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, OCEANMARK BANK, A FSB (FDIC ID 3519), failed 1999-07-09. Retrieved via AI Analytics 2026-05-20 from https://api.ai-analytics.org/failed-bank/3519.

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