Data / Bank failures / 1986 / Park Bank of Florida
Park Bank of Florida, ST. Petersburg, FL: failed February 14, 1986
Park Bank of Florida in ST. Petersburg, Florida, failed on February 14, 1986. Chase Bank of Florida NA of ST. Petersburg, FL, took over its deposits. It held $591.7 million in assets and $577.8 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $134.9 million (22.8% of its assets). By assets it was the 10th largest of 204 banks closed or assisted in 1986.
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The FDIC's record
- Closed
- February 14, 1986
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- Chase Bank of Florida NA, ST. Petersburg, FL
- Total assets
- $591,667,000
- Total deposits
- $577,791,000
- Estimated cost to the FDIC
- $134,892,679 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- FDIC
- FDIC certificate
- 20859
Other bank failures in Florida, 1984 to 1988
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Broward FS&LA (assistance) | Sunrise | December 31, 1988 | $535.7 million | $494.3 million | $221.3 million | California FS&LA-BROWARD |
| Beach FS&LA (assistance) | Boynton Beach | December 30, 1988 | $1.14 billion | $1.19 billion | $1.29 billion | Beach FS&LA |
| First FS&LA of Jacksonville (assistance) | Jacksonville | December 30, 1988 | $1.24 billion | $1.01 billion | $25.7 million | First FS&LA |
| Caribank | Dania | December 9, 1988 | $525.8 million | $523 million | $39 million | Citibank Florida NA |
| Cyprus Sa | Plantation | November 10, 1988 | $172.8 million | $203.7 million | $98.9 million | |
| Financial Security S&LA | Delray Beach | October 6, 1988 | $150.1 million | $166.3 million | ||
| Citizens FS&LA (assistance) | Jacksonville | September 1, 1988 | $57.9 million | $64.6 million | $125,000 | Citizens FSB |
| First Federated Savings Bank (assistance) | N. Palm Beach | March 11, 1988 | $141.7 million | $155.2 million | $90.6 million | Statesman Bank for SVG FSB |
All bank failures in 1986 · 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.