Bank failure · FL

Flagler Fs & LA (Miami, FL) — failed March 27, 1992

Flagler Fs & LA of Miami, Florida was closed on March 27, 1992 and resolved through a purchase and assumption. First Union Nb of Fl (FL) took over its insured deposits. At failure it held $1.6B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $101.6M (6.3% of assets).