The Graveyard › Banks › 1990
First Commercial Bank of Florida
Boca Raton, FL · failed December 14, 1990 · FDIC certificate 25125
First Commercial Bank of Florida of Boca Raton, FL failed on December 14, 1990. It opened on May 7, 1984, 6 years before. At its last report before that it held $171.6 million in assets and $164.1 million in deposits. The FDIC estimates that the Bank Insurance Fund lost $27.3 million on it.
1984-061990-09
Assets at the end$171.6 millionlast report before December 14, 1990
Deposits at the end$164.1 million
Estimated loss to the fund$27.3 millionBIF
Largest in the quarterly reports$171.6 millionSeptember 30, 1990
Equity to assets3.0%September 30, 1990
Loans not being repaid5.4%noncurrent, September 30, 1990
Return on assets-3.53%a year's rate, September 30, 1990
Staff66full time, September 30, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.