Bank failure · FL

Caribank (Dania, FL) — failed December 9, 1988

Caribank of Dania, Florida was closed on December 9, 1988 and resolved through a purchase and assumption. Citibank Florida NA (FL) took over its insured deposits. At failure it held $525.8M in assets and $523.0M in deposits. The FDIC's estimated loss on the failure is $39.0M (7.4% of assets).