Bank failure · FL

Hollywood FSB (Hollywood, FL) — failed February 22, 1991

Hollywood FSB of Hollywood, Florida was closed on February 22, 1991 and resolved through a purchase and assumption. First Union Nb of Fl (FL) took over its insured deposits. At failure it held $1.5B in assets and $1.4B in deposits. The FDIC's estimated loss on the failure is $82.6M (5.4% of assets).