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Bank failure · FL

Sun Fs&la (Talahassee, FL) — failed December 31, 1985

Sun Fs&la of Talahassee, Florida was closed on December 31, 1985 and resolved through a a/a. Anchor Savings Bank FSB (NY) took over its insured deposits. At failure it held $367.5M in assets and $341.0M in deposits. The FDIC's estimated loss on the failure is $12.9M (3.5% of assets).

Closing date
December 31, 1985
FDIC certificate #
30611
Resolution
A/A (assistance)
Acquiring institution
Anchor Savings Bank FSB
Insurance fund
FSLIC

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What happens when a bank fails