Bank failure · FL
Investors of Florida (Deerfield Beach, FL) — failed June 1, 1990
Investors of Florida of Deerfield Beach, Florida was closed on June 1, 1990 and resolved through a purchase and assumption. J. P. Morgan Fl, FSB (FL) took over its insured deposits. At failure it held $282.6M in assets and $244.9M in deposits. The FDIC's estimated loss on the failure is $64.1M (22.7% of assets).
- Closing date
- June 1, 1990
- FDIC certificate #
- 32315
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- J. P. Morgan Fl, FSB
- Insurance fund
- RTC
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