THE TRUST BANK Failed 1988
What happened
THE TRUST BANK of HIALEAH, FL was closed on 1988-01-29. The FDIC was named receiver.
Resolution: Insured Deposit Transfer — insured deposits transferred to another bank
Deposits were transferred to REPUBLIC NB OF MIAMI (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 1616
- FDIC Certificate
- 25194
- FDIC FIN
- 5925
- Bank name
- THE TRUST BANK
- Location
- HIALEAH, FL
- Failure date
- 1988-01-29
- FDIC resolution date
- 1988-01-29
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $16M
- Deposits at failure
- $160M
- Assets at failure
- $165M
- Acquiring bank
- REPUBLIC NB OF MIAMI (MIAMI, FL)
Other banks REPUBLIC NB OF MIAMI acquired in FDIC resolutions