MIAMI SAVINGS BANK Failed 1989
What happened
MIAMI SAVINGS BANK of MIAMI, FL was closed on 1989-03-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to REPUBLIC NB OF MIAMI (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2252
- FDIC Certificate
- 31706
- FDIC FIN
- 7131
- Bank name
- MIAMI SAVINGS BANK
- Location
- MIAMI, FL
- Failure date
- 1989-03-16
- FDIC resolution date
- 1990-08-17
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $73M
- Deposits at failure
- $159M
- Assets at failure
- $177M
- Acquiring bank
- REPUBLIC NB OF MIAMI (MIAMI, FL)
Other banks REPUBLIC NB OF MIAMI acquired in FDIC resolutions