Bank failure · FL

Jacksonville Fsa (Jacksonville, FL) — failed June 26, 1992

Jacksonville Fsa of Jacksonville, Florida was closed on June 26, 1992 and resolved through a purchase and assumption. First Union Nb of Fl (FL) took over its insured deposits. At failure it held $150.9M in assets and $147.5M in deposits. The FDIC's estimated loss on the failure is $25.3M (16.7% of assets).