Bank failure · FL
First American Bank and Trust (North Palm Beach, FL) — failed December 15, 1989
First American Bank and Trust of North Palm Beach, Florida was closed on December 15, 1989 and resolved through a purchase and assumption. First American Bank and Tru (FL) took over its insured deposits. At failure it held $1.4B in assets and $1.0B in deposits. The FDIC's estimated loss on the failure is $383.1M (27.7% of assets).
- Closing date
- December 15, 1989
- FDIC certificate #
- 18002
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First American Bank and Tru
- Insurance fund
- BIF
Other failures in 1989
- Columbia Fsa TX
- Silver Savings Assoc. NM
- First City National Bank and Trust NY
- United Community Bank CA
- First Acadiana Bank LA
- Red River S & L Assoc. LA
- Yorkridge-Calvert Federal Savings MD
- Louisiana Savings Assn. LA
- North Side State Bank OK
- Canyon Lake Bank TX
- City National Bank of Sayre OK
- Midlothian National Bank TX
- First Bank, Pineville, Louisiana LA
- Orange State Bank FL
- City Savings, FSB NJ
- Atlantic Permanent Federal VA
- Atlantic National Bank VA
- First National Bank of Frisco TX
- The Garnett S & L Assoc. KS
- Westheimer Memorial Bank, NA TX
- Aledo State Bank TX
- First Commerce National Bank AZ
- Arlington Heights Savings Assoc. IL
- Community Federal Savings Assoc. CT