Bank failure · FL
Lincoln S & LA (Miami, FL) — failed March 16, 1989
Lincoln S & LA of Miami, Florida was closed on March 16, 1989 and resolved through a insured deposit transfer. Barnett Bank of South Fl (FL) took over its insured deposits. At failure it held $260.6M in assets and $263.4M in deposits. The FDIC's estimated loss on the failure is $67.7M (26.0% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32035
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Barnett Bank of South Fl
- Insurance fund
- RTC
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