Bank failure · FL
International Fs & LA (N. Miami Beach, FL) — failed October 12, 1990
International Fs & LA of N. Miami Beach, Florida was closed on October 12, 1990 and resolved through a payout (deposit payoff). Payout (NA) took over its insured deposits. At failure it held $84.3M in assets and $81.5M in deposits. The FDIC's estimated loss on the failure is $13.0M (15.5% of assets).
- Closing date
- October 12, 1990
- FDIC certificate #
- 32064
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- Payout
- Insurance fund
- RTC
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