Bank failure · FL
Florida State Bank (Holiday, FL) — failed May 24, 1991
Florida State Bank of Holiday, Florida was closed on May 24, 1991 and resolved through a purchase and assumption. Orange Bank (FL) took over its insured deposits. At failure it held $87.4M in assets and $81.6M in deposits. The FDIC's estimated loss on the failure is $16.5M (18.9% of assets).
- Closing date
- May 24, 1991
- FDIC certificate #
- 20753
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Orange Bank
- Insurance fund
- BIF
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