Bank failure · FL
Sunshine State Bank (South Miami, FL) — failed May 23, 1986
Sunshine State Bank of South Miami, Florida was closed on May 23, 1986 and resolved through a payout (deposit payoff). 0 (0) took over its insured deposits. At failure it held $109.4M in assets and $103.1M in deposits. The FDIC's estimated loss on the failure is $58.5M (53.5% of assets).
- Closing date
- May 23, 1986
- FDIC certificate #
- 20857
- Resolution
- Payout (deposit payoff) (failure)
- Acquiring institution
- 0
- Insurance fund
- FDIC
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