Bank failure · FL
Brickellbanc Savings Assoc. (Miami, FL) — failed March 16, 1989
Brickellbanc Savings Assoc. of Miami, Florida was closed on March 16, 1989 and resolved through a insured deposit transfer. Helm Bank (FL) took over its insured deposits. At failure it held $38.8M in assets and $36.6M in deposits. The FDIC's estimated loss on the failure is $15.3M (39.6% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32011
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Helm Bank
- Insurance fund
- RTC
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