Bank failure · FL
Freedom S & LA (Tampa, FL) — failed February 7, 1989
Freedom S & LA of Tampa, Florida was closed on February 7, 1989 and resolved through a purchase and assumption. Ncnb Nb of Fl (FL) took over its insured deposits. At failure it held $1.4B in assets and $1.1B in deposits. The FDIC's estimated loss on the failure is $329.7M (23.5% of assets).
- Closing date
- February 7, 1989
- FDIC certificate #
- 32549
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Nb of Fl
- Insurance fund
- RTC
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