Data / Bank failures / 1981 / Boca Raton FS&LA
Boca Raton FS&LA, Boca Raton, FL: received FDIC assistance December 9, 1981
Boca Raton FS&LA in Boca Raton, Florida, received open bank assistance from the FDIC on December 9, 1981. It held $275.8 million in assets and $236.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $8.8 million (3.2% of its assets). By assets it was the 14th largest of 40 banks closed or assisted in 1981.
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The FDIC's record
- Closed
- December 9, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- City FS&LA, Elizabeth, NJ
- Total assets
- $275,847,527
- Total deposits
- $236,161,736
- Estimated cost to the FDIC
- $8,802,905 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31519
Other bank failures in Florida, 1979 to 1983
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Community FS&LA (assistance) | Hialeah | August 31, 1983 | $123.1 million | $101.8 million | $1.2 million | Ensign Bank FSB |
| First Florida S&LA (assistance) | Gainesville | August 5, 1983 | $80.8 million | $70.5 million | $7.7 million | Metropolitan SB |
| Biscayne FS&LA (assistance) | Miami | April 6, 1983 | $1.89 billion | $1.73 billion | $389,000 | Citicorp Savings of Florida |
| 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 |
Other failed banks City FS&LA took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| First S&LA of New Brunswick (assistance) | New Brunswick | NJ | January 25, 1982 | $405.8 million | $265.8 million | $9.5 million | City FS&LA |
| Mohawk S&LA (assistance) | Newark | NJ | December 9, 1981 | $91.1 million | $76.3 million | $4.7 million | City FS&LA |
All bank failures in 1981 · All bank failures in Florida · Every failed bank City FS&LA took over · 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.