Bank failure · FL
Creditbank (Cutler Ridge, FL) — failed January 26, 1990
Creditbank of Cutler Ridge, Florida was closed on January 26, 1990 and resolved through a purchase and assumption. Capital Bank (FL) took over its insured deposits. At failure it held $76.4M in assets and $74.1M in deposits. The FDIC's estimated loss on the failure is $15.7M (20.6% of assets).
- Closing date
- January 26, 1990
- FDIC certificate #
- 19273
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Capital Bank
- Insurance fund
- BIF
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