Bank failure · FL
Sovereign Sb (Palm Harbor, FL) — failed March 15, 1991
Sovereign Sb of Palm Harbor, Florida was closed on March 15, 1991 and resolved through a purchase and assumption. Fifth Third Sb, FSB (FL) took over its insured deposits. At failure it held $38.9M in assets and $33.8M in deposits. The FDIC's estimated loss on the failure is $3.4M (8.7% of assets).
- Closing date
- March 15, 1991
- FDIC certificate #
- 32514
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Fifth Third Sb, FSB
- Insurance fund
- RTC
Other failures in 1991
- North Ridge Bank FL
- The Bank Mart CT
- Investors FSB VA
- Merchants National Bank MA
- Federal Finance & Mortgage, Ltd HI
- Bank of East Hartford CT
- Granite Co-Operative Bank MA
- Saybrook Bank and Trust Company CT
- The Douglass Bank KS
- First National Bank of Miami FL
- Peoples Fsa IA
- White Horse Fs & LA NJ
- Western Fs & LA IL
- Chase Savings & Loan PA
- Durham Trust Company NH
- Alvarado National Bank TX
- Connecticut Savings Bank CT
- Worthington State Bank IN
- Cobb Fsa GA
- Delta FSB CA
- Community National Bank and Trust NY
- Marine View FSB NJ
- Union Bank TX
- Bank of the South LA