Data / Bank failures / 1987 / Freedom S&LA
Freedom S&LA, Tampa, FL: failed July 23, 1987
Freedom S&LA in Tampa, Florida, failed on July 23, 1987. It held $1.89 billion in assets and $1.24 billion in deposits at its last report. By assets it was the 2nd largest of 262 banks closed or assisted in 1987.
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The FDIC's record
- Closed
- July 23, 1987
- Type
- Failure
- Total assets
- $1,892,038,000
- Total deposits
- $1,241,839,000
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 28887
Other bank failures in Florida, 1985 to 1989
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| First American Bank and Trust | North Palm Beach | December 15, 1989 | $1.38 billion | $1.01 billion | $383.1 million | First American Bank and Tru |
| Orange State Bank | Miami | December 8, 1989 | $8 million | $8.1 million | $925,395 | Helm Bank |
| General Federal Savings Bank | Coral Gables | November 16, 1989 | $355.5 million | $301.5 million | $115.4 million | Republic NB of Miami |
| Commonwealth Federal S & L | Fort Lauderdale | July 20, 1989 | $1.58 billion | $1.18 billion | $315.2 million | |
| Seminole National Bank | Hollywood | April 27, 1989 | $6.6 million | $7.6 million | $1.2 million | Family Bank of Hallandale |
| Tropical FS&LA (assistance) | Miami | April 13, 1989 | $55 million | $61.8 million | $11.9 million | First Federal SB |
| Interstate Bank of Commerce | Miami | March 31, 1989 | $6.4 million | $7 million | $1.9 million | |
| Enterprise Bank of Florida | Miami Lakes | March 17, 1989 | $28 million | $26.3 million | $3.6 million | Eastern National Bank |
All bank failures in 1987 · 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.