Bank failure · FL
Southcoast Bank Corporation (West Palm Beach, FL) — failed August 9, 1991
Southcoast Bank Corporation of West Palm Beach, Florida was closed on August 9, 1991 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $26.1M in assets and $26.7M in deposits. The FDIC's estimated loss on the failure is $12.6M (48.4% of assets).
- Closing date
- August 9, 1991
- FDIC certificate #
- 21605
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- BIF
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