# MIAMI SAVINGS BANK

> **Failed bank** · MIAMI, FL · failed 1989-03-16 · SL · FDIC cost $73M

## What happened

MIAMI SAVINGS BANK of MIAMI, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $73M
- **Deposits at failure:** $159M
- **Assets at failure:** $177M
- **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
- THE TRUST BANK (HIALEAH, FL) — failed 1988-01-29 — /failed-bank/1616

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, MIAMI SAVINGS BANK (FDIC ID 2252), failed 1989-03-16. Retrieved via AI Analytics 2026-05-17 from https://api.ai-analytics.org/failed-bank/2252.

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