# TOWER BANK, N.A.

> **Failed bank** · HIALEAH GARDENS, FL · failed 1985-10-03 · National commercial bank (OCC-chartered) · FDIC cost $3M

## What happened

TOWER BANK, N.A. of HIALEAH GARDENS, FL was closed by the OCC on **1985-10-03**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **BAYSHORE BANK OF FLORIDA** (MIAMI, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 1079
- **FDIC Certificate:** 24573
- **FDIC FIN:** 2500
- **Bank name:** TOWER BANK, N.A.
- **Location:** HIALEAH GARDENS, FL
- **Failure date:** 1985-10-03
- **FDIC resolution date:** 1985-10-03
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $3M
- **Deposits at failure:** $20M
- **Assets at failure:** $21M
- **Acquiring bank:** BAYSHORE BANK OF FLORIDA (MIAMI, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=TOWER%20BANK%2C%20N.A.

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TOWER BANK, N.A. (FDIC ID 1079), failed 1985-10-03. Retrieved via AI Analytics 2026-05-18 from https://api.ai-analytics.org/failed-bank/1079.

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