Bank failure · FL
Sunrise, S&la (Lake Worth, FL) — failed July 18, 1985
Sunrise, S&la of Lake Worth, Florida was closed on July 18, 1985 and resolved through a abt. Beach Fs&la (FL) took over its insured deposits. At failure it held $1.5B in assets and $1.5B in deposits. The FDIC's estimated loss on the failure is $419.2M (27.6% of assets).
- Closing date
- July 18, 1985
- FDIC certificate #
- 32016
- Resolution
- ABT (failure)
- Acquiring institution
- Beach Fs&la
- Insurance fund
- FSLIC
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