Park Bank of Florida
St. Petersburg, FL · Owner: Florida Park Banks Inc
$592M
total assets, December 31, 1985
$592M
total assets, December 31, 1985
Park Bank of Florida was a state nonmember bank in St. Petersburg, FL, owned by Florida Park Banks Inc. It failed on Feb 14, 1986, and Chase Bank Of Florida Na took over its deposits. At its last report it held $591.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1985
This bank failed
- Failed on
- Feb 14, 1986
- Assets
- $592M
- Deposits
- $578M
- Estimated cost
- $135M
- Deposits went to
- Chase Bank Of Florida Na, ST. Petersburg, FL
Total assets
$592M
-14.1% in a year · -14.8% in a quarter
Deposits
$578M
-10.5% in a year · -13.2% in a quarter
Loans
$472M
-4.2% in a year · -5.2% in a quarter
Profit so far
-$45.6M
Jan 1 to Dec 31, 1985
Capital ratio
-1.94%
-6.95 pts in a year
Return on assets
-6.66%
-5.99 pts in a year
Facts
- Type
- State nonmember bank
- Head office
- 1 Plaza Place, N.E., St. Petersburg, FL, 33701
- County
- Pinellas
- Holding company
- Florida Park Banks Inc
- Established
- Nov 16, 1972
- Failed
- Feb 14, 1986
- Employees
- 338
- Id
- b20859
Quarter by quarter
March 31, 1984 to December 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 8
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Park Bank of Florida?
$591.7 million in total assets and $577.8 million in deposits as of December 31, 1985, with assets down 14.1% from a year before. Its loans were $472.2 million.
Is Park Bank of Florida profitable?
No: it lost $45.6 million from January 1 to December 31, 1985. Its return on assets was -6.66% a year; about 1% is typical.
Who owns Park Bank of Florida?
Park Bank of Florida is owned by Florida Park Banks Inc, its holding company.
When did Park Bank of Florida fail?
Feb 14, 1986. Chase Bank Of Florida Na of ST. Petersburg, FL took over its deposits. The estimated cost of the failure was $134.9 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.