Bank failure · FL
The County Bank (Manatee County, FL) — failed February 13, 1987
The County Bank of Manatee County, Florida was closed on February 13, 1987 and resolved through a purchase and assumption. Ncnb Nb of Florida (FL) took over its insured deposits. At failure it held $187.1M in assets and $159.6M in deposits. The FDIC's estimated loss on the failure is $69.1M (36.9% of assets).
- Closing date
- February 13, 1987
- FDIC certificate #
- 21627
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Ncnb Nb of Florida
- Insurance fund
- FDIC
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