The Graveyard › Banks › 1999
Oceanmark Bank, A FSB
North Miami Beach, FL · failed July 9, 1999 · FDIC certificate 32491
Oceanmark Bank, A FSB of North Miami Beach, FL failed on July 9, 1999. It opened on August 25, 1986, 12 years before. At its last report before that it held $69.0 million in assets and $61.3 million in deposits. The FDIC estimates that the Savings Association Insurance Fund lost $1.2 million on it.
1986-121999-03
Assets at the end$69.0 millionlast report before July 9, 1999
Deposits at the end$61.3 million
Estimated loss to the fund$1.2 millionSAIF
Largest in the quarterly reports$69.0 millionMarch 31, 1999
Equity to assets5.1%March 31, 1999
Loans not being repaid5.0%noncurrent, March 31, 1999
Return on assets-0.88%a year's rate, March 31, 1999
Staff38full time, March 31, 1999
Also ended in 1999
- First NB of Keystone · Keystone, WV · $1.1 billion in assets
- Pacific Thrift and Loan Co · Woodland Hills · $127.3 million in assets
- East Texas NB of Marshall · Marshall, TX · $121.6 million in assets
- Golden City Commercial Bank · New York, NY · $87.2 million in assets
- Peoples NB of Commerce · Miami, FL · $36.8 million in assets
- Zia New Mexico Bank · Tucumcari, NM · $17.3 million 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.