Bank failure · FL

United Savings of America, Fa (Melbourne, FL) — failed February 7, 1992

United Savings of America, Fa of Melbourne, Florida was closed on February 7, 1992 and resolved through a purchase and assumption. Barnett Bank of Central Fl (FL) took over its insured deposits. At failure it held $327.2M in assets and $293.4M in deposits. The FDIC's estimated loss on the failure is $15.4M (4.7% of assets).