The Graveyard › Banks › 1991
First Marine Bank of Florida
Palm City, FL · failed March 8, 1991 · FDIC certificate 24831
First Marine Bank of Florida of Palm City, FL failed on March 8, 1991. It opened on December 12, 1983, 7 years before. At its last report before that it held $17.2 million in assets and $16.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1988, it held $24.7 million. The FDIC estimates that the Bank Insurance Fund lost $3.6 million on it.
1984-031990-12
Assets at the end$17.2 millionlast report before March 8, 1991
Deposits at the end$16.8 million
Estimated loss to the fund$3.6 millionBIF
Largest in the quarterly reports$24.7 millionMarch 31, 1988
Equity to assets-0.5%December 31, 1990
Loans not being repaid15.9%noncurrent, December 31, 1990
Return on assets-6.04%a year's rate, December 31, 1990
Staff23full time, December 31, 1990
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.