# BAYSHORE BANK OF FLORIDA

> **Failed bank** · MIAMI, FL · failed 1987-08-07 · State commercial bank, Federal Reserve member · FDIC cost $7M

## What happened

BAYSHORE BANK OF FLORIDA of MIAMI, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $7M
- **Deposits at failure:** $40M
- **Assets at failure:** $41M
- **Acquiring bank:** EAGLE NATIONAL BANK OF M (MIAMI, FL)

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=BAYSHORE%20BANK%20OF%20FLORIDA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, BAYSHORE BANK OF FLORIDA (FDIC ID 1493), failed 1987-08-07. Retrieved via AI Analytics 2026-07-06 from https://api.ai-analytics.org/failed-bank/1493.

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