The Graveyard › Banks › 1986
Sunshine State Bank
South Miami, FL · failed May 23, 1986 · FDIC certificate 20857
Sunshine State Bank of South Miami, FL failed on May 23, 1986. It opened on November 15, 1972, 13 years before. At its last report before that it held $109.4 million in assets and $103.1 million in deposits. The FDIC estimates that the FDIC's insurance fund lost $58.5 million on it.
1984-031986-03
Assets at the end$109.4 millionlast report before May 23, 1986
Deposits at the end$103.1 million
Estimated loss to the fund$58.5 millionFDIC
Largest in the quarterly reports$110.8 millionDecember 31, 1984
Equity to assets3.8%March 31, 1986
Loans not being repaid48.6%noncurrent, March 31, 1986
Return on assets0.31%a year's rate, March 31, 1986
Staff39full time, March 31, 1986
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.