Data / Bank failures / 1992 / Jacksonville Fsa
Jacksonville Fsa, Jacksonville, FL: failed June 26, 1992
Jacksonville Fsa in Jacksonville, Florida, failed on June 26, 1992. First Union NB of FL of Jacksonville, FL, took over its deposits. It held $150.9 million in assets and $147.5 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $25.3 million (16.7% of its assets). By assets it was the 70th largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- June 26, 1992
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- First Union NB of FL, Jacksonville, FL
- Total assets
- $150,884,000
- Total deposits
- $147,507,000
- Estimated cost to the FDIC
- $25,257,653 (estimate as of July 31, 2026)
- Charter
- Savings bank
- Insurance fund
- RTC
- FDIC certificate
- 30285
Other bank failures in Florida, 1990 to 1994
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| The Guardian Bank, FSB | Boca Raton | March 16, 1993 | $75.6 million | $69.2 million | $3.6 million | Shawmut Bank, FSB |
| Palm Beach Fsa | Palm Beach Garden | December 8, 1992 | $59.4 million | $54.4 million | $20.9 million | Southbank, A FSB |
| Security First FS & La | Daytona Beach | April 10, 1992 | $1.01 billion | $904.2 million | $24.1 million | First Union NB of FL |
| Flagler FS & La | Miami | March 27, 1992 | $1.60 billion | $1.49 billion | $101.6 million | First Union NB of FL |
| National City Bank | Coral Springs | February 21, 1992 | $19 million | $18.6 million | $2.6 million | Intercontinental Bank |
| United Savings of America, FA | Melbourne | February 7, 1992 | $327.2 million | $293.4 million | $15.4 million | Barnett Bank of Central FL |
| Merchants National Bank | Fort Myers | February 7, 1992 | $35.1 million | $35.3 million | $5.2 million | Founders National Trust |
| Security Fsa | Panama City | January 31, 1992 | $107.1 million | $100.4 million | $16 million |
Other failed banks First Union NB of FL took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Security First FS & La | Daytona Beach | FL | April 10, 1992 | $1.01 billion | $904.2 million | $24.1 million | First Union NB of FL |
| Flagler FS & La | Miami | FL | March 27, 1992 | $1.60 billion | $1.49 billion | $101.6 million | First Union NB of FL |
| Hollywood FSB | Hollywood | FL | February 22, 1991 | $1.53 billion | $1.37 billion | $82.6 million | First Union NB of FL |
All bank failures in 1992 · All bank failures in Florida · Every failed bank First Union NB of FL 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.