Bank failure · FL
Southern Floridabanc Federal (Boca Raton, FL) — failed February 17, 1989
Southern Floridabanc Federal of Boca Raton, Florida was closed on February 17, 1989 and resolved through a insured deposit transfer. Ncnb Nb of Fl (FL) took over its insured deposits. At failure it held $143.3M in assets and $256.2M in deposits. The FDIC's estimated loss on the failure is $162.0M (113.0% of assets).
- Closing date
- February 17, 1989
- FDIC certificate #
- 32535
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Ncnb Nb of Fl
- Insurance fund
- RTC
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