Bank failure · FL
Seminole National Bank (Hollywood, FL) — failed April 27, 1989
Seminole National Bank of Hollywood, Florida was closed on April 27, 1989 and resolved through a purchase and assumption. Family Bank of Hallandale (FL) took over its insured deposits. At failure it held $6.6M in assets and $7.6M in deposits. The FDIC's estimated loss on the failure is $1.2M (18.8% of assets).
- Closing date
- April 27, 1989
- FDIC certificate #
- 25794
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Family Bank of Hallandale
- Insurance fund
- FDIC
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