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Data / Bank failures / Bank of North America

Failed banks taken over by Bank of North America: 3

Bank of North America took over 3 failed banks between June 15, 1990 and December 14, 1990, holding $366.4 million in assets and $336.8 million in deposits. The FDIC estimates the cost to its insurance fund at $83.2 million. The largest: Ambassador FS & La ($184.1 million), First Commercial Bank of Florida ($171.6 million), Bank M ($10.7 million).

SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.

Every bank it took over, newest first

BankCityStateClosedAssetsDepositsEstimated costAcquirer
First Commercial Bank of FloridaBoca RatonFLDecember 14, 1990$171.6 million$164.1 million$27.3 millionBank of North America
Ambassador FS & LaTamaracFLAugust 24, 1990$184.1 million$162 million$52.1 millionBank of North America
Bank MMiamiFLJune 15, 1990$10.7 million$10.7 million$3.9 millionBank of North America

Other acquiring banks

Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.