Data / Bank failures / 1992 / National City Bank
National City Bank, Coral Springs, FL: failed February 21, 1992
National City Bank in Coral Springs, Florida, failed on February 21, 1992. Intercontinental Bank of Miami, FL, took over its deposits. It held $19 million in assets and $18.6 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $2.6 million (13.8% of its assets). By assets it was the 162nd largest of 181 banks closed or assisted in 1992.
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The FDIC's record
- Closed
- February 21, 1992
- Type
- Failure
- How it was resolved
- Insured deposit transfer: the insured deposits moved to another bank
- Acquirer
- Intercontinental Bank, Miami, FL
- Total assets
- $19,031,000
- Total deposits
- $18,593,000
- Estimated cost to the FDIC
- $2,620,549 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 25882
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 |
| Jacksonville Fsa | Jacksonville | June 26, 1992 | $150.9 million | $147.5 million | $25.3 million | First Union NB of FL |
| 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 |
| 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 Intercontinental Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| North Ridge Bank | Oakland Park | FL | December 20, 1991 | $94.3 million | $92.7 million | $2.9 million | Intercontinental Bank |
All bank failures in 1992 · All bank failures in Florida · Every failed bank Intercontinental Bank 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.