Bank failure · FL
Orange State Bank (Miami, FL) — failed December 8, 1989
Orange State Bank of Miami, Florida was closed on December 8, 1989 and resolved through a purchase and assumption. Helm Bank (FL) took over its insured deposits. At failure it held $8.0M in assets and $8.1M in deposits. The FDIC's estimated loss on the failure is $925K (11.5% of assets).
- Closing date
- December 8, 1989
- FDIC certificate #
- 24623
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Helm Bank
- Insurance fund
- BIF
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