The Graveyard › Banks › 1987

Southern Floridabanc SA

Boca Raton, FL · failed April 16, 1987 · FDIC certificate 32204

Southern Floridabanc SA of Boca Raton, FL failed on April 16, 1987. It opened on February 17, 1976, 11 years before. At its last report before that it held $219.1 million in assets and $256.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 1986, it held $272.1 million. The FDIC's list gives no estimate of the loss: the FDIC says its figures are not complete for its own cases before 1986 or for FSLIC cases from 1934 to 1988.

1984-061987-03

Assets at the end$219.1 millionlast report before April 16, 1987

Deposits at the end$256.6 million

Estimated loss to the fundnot givenFSLIC

Largest in the quarterly reports$272.1 millionMarch 31, 1986

Equity to assets-20.1%March 31, 1987

Loans not being repaid61.9%noncurrent, March 31, 1987

Return on assets-9.98%a year's rate, March 31, 1987

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Also ended in 1987

Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
Freedom S&LA · Tampa, FL · $1.9 billion in assets
Vernon S&LA · Vernon, TX · $1.3 billion in assets
Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
Independent American SA · Irving, TX · $1.0 billion in assets
First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted

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.