Royal Palm Savings Bank
West Palm Beach, FL
$509M
total assets, June 30, 1989
$509M
total assets, June 30, 1989
Royal Palm Savings Bank was a savings and loan in West Palm Beach, FL. It failed on Mar 16, 1989, and Barnett Bank Of Palm Beach took over its deposits. At its last report it held $564.0 million in assets.
Updated Oct 11, 2026 · numbers as of June 30, 1989
This bank failed
- Failed on
- Mar 16, 1989
- Assets
- $564M
- Deposits
- $491M
- Estimated cost
- $188M
- Deposits went to
- Barnett Bank Of Palm Beach, Palm Beach, FL
Total assets
$509M
-8.0% in a year · -7.5% in a quarter
Deposits
$459M
-6.6% in a year · +1.4% in a quarter
Loans
$398M
-6.4% in a year · -3.2% in a quarter
Profit so far
-$57.2M
Jan 1 to Jun 30, 1989
Capital ratio
0.00%
0.00 pts in a year
Return on assets
-21.14%
-16.48 pts in a year
Facts
- Type
- Savings and loan
- Head office
- 100 Australian Avenue, Suite 400, West Palm Beach, FL, 33406
- County
- Palm Beach
- Established
- Mar 31, 1983
- Failed
- Jul 19, 1989
- Id
- b32160
Quarter by quarter
March 31, 1984 to June 30, 1989
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Royal Palm Savings Bank?
$509.3 million in total assets and $458.6 million in deposits as of June 30, 1989, with assets down 8.0% from a year before. Its loans were $397.8 million.
Is Royal Palm Savings Bank profitable?
No: it lost $57.2 million from January 1 to June 30, 1989. Its return on assets was -21.14% a year; about 1% is typical.
When did Royal Palm Savings Bank fail?
Mar 16, 1989. Barnett Bank Of Palm Beach of Palm Beach, FL took over its deposits. The estimated cost of the failure was $187.9 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.