Bank failure · FL
South Florida Savings Bank (Davie, FL) — failed March 25, 1987
South Florida Savings Bank of Davie, Florida was closed on March 25, 1987 and resolved through a a/a. First Fs&la of Jacksonville (FL) took over its insured deposits. At failure it held $172.0M in assets and $176.3M in deposits. The FDIC's estimated loss on the failure is $4.2M (2.4% of assets).
- Closing date
- March 25, 1987
- FDIC certificate #
- 32050
- Resolution
- A/A (assistance)
- Acquiring institution
- First Fs&la of Jacksonville
- Insurance fund
- FSLIC
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