Bank failure · FL

Beach Fs&la (Boynton Beach, FL) — failed December 30, 1988

Beach Fs&la of Boynton Beach, Florida was closed on December 30, 1988 and resolved through a a/a. Beach Fs&la (FL) took over its insured deposits. At failure it held $1.1B in assets and $1.2B in deposits. The FDIC's estimated loss on the failure is $1.3B (113.1% of assets).