Bank failure · FL
Park Bank of Florida (St. Petersburg, FL) — failed February 14, 1986
Park Bank of Florida of St. Petersburg, Florida was closed on February 14, 1986 and resolved through a purchase and assumption. Chase Bank of Florida NA (FL) took over its insured deposits. At failure it held $591.7M in assets and $577.8M in deposits. The FDIC's estimated loss on the failure is $134.9M (22.8% of assets).
- Closing date
- February 14, 1986
- FDIC certificate #
- 20859
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Chase Bank of Florida NA
- Insurance fund
- FDIC
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