ENTERPRISE BANK OF FLORIDA Failed 1989

MIAMI LAKES, FL · State commercial bank, Federal Reserve member · view on FDIC BankFind ↗

What happened

ENTERPRISE BANK OF FLORIDA of MIAMI LAKES, FL was closed on 1989-03-17. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to EASTERN NATIONAL BANK (HIALEAH, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
2273
FDIC Certificate
26257
FDIC FIN
2978
Bank name
ENTERPRISE BANK OF FLORIDA
Location
MIAMI LAKES, FL
Failure date
1989-03-17
FDIC resolution date
1989-03-17
Charter type
State commercial bank, Federal Reserve member
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$4M
Deposits at failure
$26M
Assets at failure
$28M
Acquiring bank
EASTERN NATIONAL BANK (HIALEAH, FL)