Bank failure · FL
Royal Palm Savings Bank (West Palm Beach, FL) — failed March 16, 1989
Royal Palm Savings Bank of West Palm Beach, Florida was closed on March 16, 1989 and resolved through a insured deposit transfer. Barnett Bank of Palm Beach (FL) took over its insured deposits. At failure it held $564.0M in assets and $491.0M in deposits. The FDIC's estimated loss on the failure is $187.9M (33.3% of assets).
- Closing date
- March 16, 1989
- FDIC certificate #
- 32160
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Barnett Bank of Palm Beach
- Insurance fund
- RTC
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