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Bank failure · FL

Southern Fs&la of Broward County (Pompano Beach, FL) — failed December 17, 1981

Southern Fs&la of Broward County of Pompano Beach, Florida was closed on December 17, 1981 and resolved through a a/a. Home Sa of America (CA) took over its insured deposits. At failure it held $615.4M in assets and $495.7M in deposits. The FDIC's estimated loss on the failure is $5.2M (0.8% of assets).

Closing date
December 17, 1981
FDIC certificate #
31200
Resolution
A/A (assistance)
Acquiring institution
Home Sa of America
Insurance fund
FSLIC

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