# THE TRUST BANK

> **Failed bank** · HIALEAH, FL · failed 1988-01-29 · State commercial bank, Federal Reserve member · FDIC cost $16M

## What happened

THE TRUST BANK of HIALEAH, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $16M
- **Deposits at failure:** $160M
- **Assets at failure:** $165M
- **Acquiring bank:** REPUBLIC NB OF MIAMI (MIAMI, FL)

## Other banks REPUBLIC NB OF MIAMI has acquired in FDIC resolutions

- GENERAL FEDERAL SAVINGS BANK (CORAL GABLES, FL) — failed 1989-11-16 — /failed-bank/2561
- MIAMI SAVINGS BANK (MIAMI, FL) — failed 1989-03-16 — /failed-bank/2252

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, THE TRUST BANK (FDIC ID 1616), failed 1988-01-29. Retrieved via AI Analytics 2026-06-30 from https://api.ai-analytics.org/failed-bank/1616.

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