Bank failure · FL

Security Fsa (Panama City, FL) — failed January 31, 1992

Security Fsa of Panama City, Florida was closed on January 31, 1992 and resolved through a purchase and assumption. Branch Sale (NA) took over its insured deposits. At failure it held $107.1M in assets and $100.4M in deposits. The FDIC's estimated loss on the failure is $16.0M (14.9% of assets).