Bank failure · FL

Coral S & LA (Coral Springs, FL) — failed January 25, 1991

Coral S & LA of Coral Springs, Florida was closed on January 25, 1991 and resolved through a purchase and assumption. Bank of N. America-Broward (FL) took over its insured deposits. At failure it held $32.2M in assets and $31.7M in deposits. The FDIC's estimated loss on the failure is $4.3M (13.3% of assets).