Bank failure · FL
McNulty Banking Company (St. Petersburg, FL) — failed August 14, 1987
McNulty Banking Company of St. Petersburg, Florida was closed on August 14, 1987 and resolved through a purchase and assumption. Barnett Bk of Pinellas C (FL) took over its insured deposits. At failure it held $56.6M in assets and $53.2M in deposits. The FDIC's estimated loss on the failure is $6.8M (12.0% of assets).
- Closing date
- August 14, 1987
- FDIC certificate #
- 20345
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Barnett Bk of Pinellas C
- Insurance fund
- FDIC
Other failures in 1987
- First Fs&la of Slidell LA
- American Fs&la VA
- First Financial Bank, FSB LA
- Gibson Federal S&la IL
- First Fs&la of Alexandria LA
- First Financial of LA LA
- Firstbanc FSB LA
- The Falun State Bank KS
- Community Fs&la OH
- First State Bank at Shoshoni WY
- Bank of Mabank TX
- Usbank TX
- American Bank of Commerce LA
- Mt. Pleasant S&la TX
- Boone County Fs&la MO
- First Interstate Bank of Alaska AK
- Lewis and Clark State Bank OR
- Surety Fs&la NC
- The First National Bank in Rhome TX
- Louisiana Bank & Trust Company LA
- Bancfirst-Austin, N.A. TX
- American Bank in Louisiana LA
- Heritage National Bank TX
- The Farmers National Bank of Cordell OK