Data / Bank failures / 1980 / Bank of Lake Helen
Bank of Lake Helen, Lake Helen, FL: failed January 11, 1980
Bank of Lake Helen in Lake Helen, Florida, failed on January 11, 1980. It held $3 million in assets and $4.3 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $87,774 (2.9% of its assets). By assets it was the 21st largest of 22 banks closed or assisted in 1980.
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The FDIC's record
- Closed
- January 11, 1980
- Type
- Failure
- How it was resolved
- Payout: the FDIC paid insured depositors directly
- Total assets
- $3,027,000
- Total deposits
- $4,334,000
- Estimated cost to the FDIC
- $87,774 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 21291
Other bank failures in Florida, 1978 to 1982
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| 1ST of Delray Beach S&LA (assistance) | Delray Beach | October 1, 1982 | $843 million | $675.2 million | Carteret Savings Bank FA | |
| First of Mid Florida (assistance) | Deland | July 30, 1982 | $549.3 million | $486.8 million | $1.8 million | Empire of America, Fsa |
| Metropolitan BK & TR Company | Tampa | February 12, 1982 | $267.4 million | $210.2 million | Great American Bank of T | |
| United FS&LA of Broward County (assistance) | Fort Lauderdale | February 5, 1982 | $672.4 million | $573.7 million | California FS&LA | |
| Southern FS&LA of Broward County (assistance) | Pompano Beach | December 17, 1981 | $615.4 million | $495.7 million | $5.2 million | Home Sa of America |
| Boca Raton FS&LA (assistance) | Boca Raton | December 9, 1981 | $275.8 million | $236.2 million | $8.8 million | City FS&LA |
| First FS&LA of Broward County (assistance) | FT. Lauderdale | November 19, 1981 | $2.55 billion | $1.93 billion | $-253,000 | Glendale FS&LA |
| Washington FS&LA (assistance) | Miami Beach | September 8, 1981 | $1.20 billion | $913.5 million | $147.2 million | Citizens Savings |
All bank failures in 1980 · All bank failures in Florida · The full failed bank list
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.