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Bank failure · FL

Haven Fs & LA (Winter Haven, FL) — failed March 2, 1990

Haven Fs & LA of Winter Haven, Florida was closed on March 2, 1990 and resolved through a purchase and assumption. Barnett Bank of Polk County (FL) took over its insured deposits. At failure it held $172.4M in assets and $146.2M in deposits. The FDIC's estimated loss on the failure is $32.9M (19.1% of assets).

Closing date
March 2, 1990
FDIC certificate #
32588
Resolution
Purchase and assumption (failure)
Acquiring institution
Barnett Bank of Polk County
Insurance fund
RTC

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