Bank failure · FL
North Ridge Bank (Oakland Park, FL) — failed December 20, 1991
North Ridge Bank of Oakland Park, Florida was closed on December 20, 1991 and resolved through a purchase and assumption. Intercontinental Bank (FL) took over its insured deposits. At failure it held $94.3M in assets and $92.7M in deposits. The FDIC's estimated loss on the failure is $2.9M (3.1% of assets).
- Closing date
- December 20, 1991
- FDIC certificate #
- 21113
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Intercontinental Bank
- Insurance fund
- BIF
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