Bank failure · FL
Ambassador Fs & LA (Tamarac, FL) — failed August 24, 1990
Ambassador Fs & LA of Tamarac, Florida was closed on August 24, 1990 and resolved through a purchase and assumption. Bank of North America (FL) took over its insured deposits. At failure it held $184.1M in assets and $162.0M in deposits. The FDIC's estimated loss on the failure is $52.1M (28.3% of assets).
- Closing date
- August 24, 1990
- FDIC certificate #
- 32220
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of North America
- Insurance fund
- RTC
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