The Graveyard › Banks › 1986

Park Bank of Florida

St. Petersburg, FL · failed February 14, 1986 · FDIC certificate 20859

Park Bank of Florida of St. Petersburg, FL failed on February 14, 1986. It opened on November 16, 1972, 13 years before. At its last report before that it held $591.7 million in assets and $577.8 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1985, it held $726.8 million. The FDIC estimates that the FDIC's insurance fund lost $134.9 million on it.

1984-031985-12

Assets at the end$591.7 millionlast report before February 14, 1986

Deposits at the end$577.8 million

Estimated loss to the fund$134.9 millionFDIC

Largest in the quarterly reports$726.8 millionMarch 31, 1985

Equity to assets-2.1%December 31, 1985

Loans not being repaid30.4%noncurrent, December 31, 1985

Return on assets-6.66%a year's rate, December 31, 1985

Staff338full time, December 31, 1985

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Also ended in 1986

Western S&LA · Dallas, TX · $2.0 billion in assets
The First National Bank & Trust Co. of Oklahoma · Oklahoma City, OK · $1.8 billion in assets
Firstsouth Fs&La · Pine Bluff, AR · $1.7 billion in assets
National Permanent Bank FSB · Washington · $1.0 billion in assets · assisted
Mainland S&LA · Houston, TX · $1.0 billion in assets
American Diversified Savings Bank · Costa Mesa · $978.6 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.