Bank failure · FL

First Commercial Bank of Florida (Boca Raton, FL) — failed December 14, 1990

First Commercial Bank of Florida of Boca Raton, Florida was closed on December 14, 1990 and resolved through a purchase and assumption. Bank of North America (FL) took over its insured deposits. At failure it held $171.6M in assets and $164.1M in deposits. The FDIC's estimated loss on the failure is $27.3M (15.9% of assets).