BAYSHORE BANK OF FLORIDA Failed 1987
What happened
BAYSHORE BANK OF FLORIDA of MIAMI, FL was closed on 1987-08-07. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to EAGLE NATIONAL BANK OF M (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1493
- FDIC Certificate
- 23670
- FDIC FIN
- 6894
- Bank name
- BAYSHORE BANK OF FLORIDA
- Location
- MIAMI, FL
- Failure date
- 1987-08-07
- FDIC resolution date
- 1987-08-07
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $7M
- Deposits at failure
- $40M
- Assets at failure
- $41M
- Acquiring bank
- EAGLE NATIONAL BANK OF M (MIAMI, FL)