Bank failure · FL

Hansen FSB (Palm Beach Garden, FL) — failed January 10, 1992

Hansen FSB of Palm Beach Garden, Florida was closed on January 10, 1992 and resolved through a purchase and assumption. Fidelity FSB of Fl (FL) took over its insured deposits. At failure it held $51.8M in assets and $43.4M in deposits. The FDIC's estimated loss on the failure is $10.9M (21.0% of assets).