Palm Beach Federal Savings Bank

Status:Inactive as of 12/08/1992
 Absorption - Assisted
Institution Enters Conservatorship
Successor Bank:Palm Beach Federal Savings Association
Headquarters:Palm Beach Federal Savings Bank
2506 P G A Plaza Blvd, & Prsprity F
Palm Beach Gardens, FL 33410
Established:09/20/1984
FDIC Insurance:08/09/1989
FDIC Cert:#32244
Charter Class:Savings banks, state charter, supervised by the FDIC
Total Assets:$59,403,000
Total Deposits:$54,369,000

History

1984-09-20Institution established: Original name:Palm Beach Federal Savings Bank
1992-12-08Placed into government conservatorship.
1992-12-08Institution established: Original name:Palm Beach Federal Savings Association (33752)
1992-12-08Failed, went into receivership, and then became part of Palm Beach Federal Savings Association (33752)
1993-10-08Acquired after government financial assistance and subsequently operated as part of SouthBank, a Federal Savings Bank (33848)
1993-10-08Institution established: Original name:SouthBank, a Federal Savings Bank (33848)
1993-10-08Government conservatorship or bridge bank resolved.
2011-07-21Changed primary regulatory agency from OFFICE OF THRIFT SUPERVISION to COMPTROLLER OF THE CURRENCY
2015-07-31Closed voluntarily and liquidated its assets.