Bank failure · FL

University Fs&la (Coral Gables, FL) — failed August 1, 1980

University Fs&la of Coral Gables, Florida was closed on August 1, 1980 and resolved through a a/a. Florida Fs&la (FL) took over its insured deposits. At failure it held $235.4M in assets and $175.7M in deposits. The FDIC's estimated loss on the failure is $1.2M (0.5% of assets).