Bank failure · FL
Bay FSB (West Palm Beach, FL) — failed September 6, 1991
Bay FSB of West Palm Beach, Florida was closed on September 6, 1991 and resolved through a purchase and assumption. Fidelity FSB of Fl (FL) took over its insured deposits. At failure it held $58.1M in assets and $54.1M in deposits. The FDIC's estimated loss on the failure is $12.7M (21.8% of assets).
- Closing date
- September 6, 1991
- FDIC certificate #
- 32454
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fidelity FSB of Fl
- Insurance fund
- RTC
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