Data / Bank failures / 1981 / Southern FS&LA of Broward County
Southern FS&LA of Broward County, Pompano Beach, FL: received FDIC assistance December 17, 1981
Southern FS&LA of Broward County in Pompano Beach, Florida, received open bank assistance from the FDIC on December 17, 1981. It held $615.4 million in assets and $495.7 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $5.2 million (0.8% of its assets). By assets it was the 10th largest of 40 banks closed or assisted in 1981.
SpecStream is the live web data engine for teams and agents. It reads the FDIC failed bank data every morning, and this page is that reading. Ask for the banks you follow and each new closure arrives in your sheet, CRM, Slack or agent as the FDIC announces it.
The FDIC's record
- Closed
- December 17, 1981
- Type
- Open bank assistance
- How it was resolved
- Open bank assistance: the FDIC assisted the bank without closing it
- Acquirer
- Home Sa of America, Los Angeles, CA
- Total assets
- $615,444,207
- Total deposits
- $495,688,498
- Estimated cost to the FDIC
- $5,226,360 (estimate as of July 31, 2026)
- Charter
- Savings and loan association
- Insurance fund
- FSLIC
- FDIC certificate
- 31200
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 | |
| Boca Raton FS&LA (assistance) | Boca Raton | December 9, 1981 | $275.8 million | $236.2 million | $8.8 million | City FS&LA |
Other failed banks Home Sa of America took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| El Centro FS&LA (assistance) | Dallas | TX | January 15, 1982 | $11.2 million | $7.9 million | $2.3 million | Home Sa of America |
| Civic S&LA (assistance) | Irving | TX | January 15, 1982 | $36.8 million | $12.9 million | $7.1 million | Home Sa of America |
| Buffalo S&LA (assistance) | Houston | TX | January 15, 1982 | $155.3 million | $123.7 million | $25.3 million | Home Sa of America |
| Hyde Park FS&LA (assistance) | Chicago | IL | January 15, 1982 | $308.5 million | $170.9 million | $66.7 million | Home Sa of America |
| Royal FS&LA (assistance) | Dallas | TX | January 15, 1982 | $167.6 million | $66.1 million | $26.5 million | Home Sa of America |
| Republic of Texas Sa (assistance) | Houston | TX | January 15, 1982 | $257.6 million | $188.3 million | $63.7 million | Home Sa of America |
| Security FS&LA of Sikeston (assistance) | Sikeston | MO | December 17, 1981 | $84.5 million | $67.1 million | $795,145 | Home Sa of America |
| Hamiltonian FS&LA (assistance) | Ladue | MO | December 17, 1981 | $239.5 million | $198.9 million | $1.8 million | Home Sa of America |
All bank failures in 1981 · All bank failures in Florida · Every failed bank Home Sa of America took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-24. 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.