Bank failure · FL
First Venice S & LA (Venice, FL) — failed March 16, 1989
First Venice S & LA of Venice, Florida was closed on March 16, 1989 and resolved through a purchase and assumption. Nbd Florida, FSB (FL) took over its insured deposits. At failure it held $58.6M in assets and $62.4M in deposits. The FDIC's estimated loss on the failure is $1.1M (1.8% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32081
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Nbd Florida, FSB
- Insurance fund
- RTC
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