The Graveyard › Banks › 1989
Seminole National Bank
Hollywood, FL · failed April 27, 1989 · FDIC certificate 25794
Seminole National Bank of Hollywood, FL failed on April 27, 1989. It opened on December 13, 1984, 4 years before. At its last report before that it held $6.6 million in assets and $7.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1987, it held $18.0 million. The FDIC estimates that the FDIC's insurance fund lost $1.2 million on it.
1984-121989-03
Assets at the end$6.6 millionlast report before April 27, 1989
Deposits at the end$7.6 million
Estimated loss to the fund$1.2 millionFDIC
Largest in the quarterly reports$18.0 millionMarch 31, 1987
Equity to assets-16.4%March 31, 1989
Loans not being repaid13.1%noncurrent, March 31, 1989
Return on assets-7.42%a year's rate, March 31, 1989
Staff16full time, March 31, 1989
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.