The Graveyard › Banks › 1991
SeaFirst Bank
Port St. Lucie, FL · failed March 8, 1991 · FDIC certificate 25145
SeaFirst Bank of Port St. Lucie, FL failed on March 8, 1991. It opened on May 21, 1984, 6 years before. At its last report before that it held $11.5 million in assets and $11.9 million in deposits. At its largest in the FDIC's quarterly reports, on September 30, 1990, it held $13.7 million. The FDIC estimates that the Bank Insurance Fund lost $1.9 million on it.
1984-061990-12
Assets at the end$11.5 millionlast report before March 8, 1991
Deposits at the end$11.9 million
Estimated loss to the fund$1.9 millionBIF
Largest in the quarterly reports$13.7 millionSeptember 30, 1990
Equity to assets-4.3%December 31, 1990
Loans not being repaid6.2%noncurrent, December 31, 1990
Return on assets-11.30%a year's rate, December 31, 1990
Staff11full 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.