Bank failure · FL
American Pioneer Savings Bank (Orlando, FL) — failed May 25, 1990
American Pioneer Savings Bank of Orlando, Florida was closed on May 25, 1990 and resolved through a purchase and assumption (insured deposits). Branch Sale (NA) took over its insured deposits. At failure it held $1.6B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $446.1M (27.6% of assets).
- Closing date
- May 25, 1990
- FDIC certificate #
- 32056
- Resolution
- Purchase and assumption (insured deposits) (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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