Bank failure · FL
Professional Savings Bank (Coral Gables, FL) — failed July 27, 1990
Professional Savings Bank of Coral Gables, Florida was closed on July 27, 1990 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $695.6M in assets and $618.4M in deposits. The FDIC's estimated loss on the failure is $251.5M (36.1% of assets).
- Closing date
- July 27, 1990
- FDIC certificate #
- 30843
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Branch Sale
- Insurance fund
- RTC
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