GENERAL FEDERAL SAVINGS BANK Failed 1989
What happened
GENERAL FEDERAL SAVINGS BANK of CORAL GABLES, FL was closed on 1989-11-16. 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
- 2561
- FDIC Certificate
- 32030
- FDIC FIN
- 7268
- Bank name
- GENERAL FEDERAL SAVINGS BANK
- Location
- CORAL GABLES, FL
- Failure date
- 1989-11-16
- FDIC resolution date
- 1991-01-11
- Charter type
- Savings bank
- Resolution type
- Insured Deposit Transfer — insured deposits transferred to another bank
- FDIC DIF cost (est.)
- $115M
- Deposits at failure
- $301M
- Assets at failure
- $356M
- Acquiring bank
- REPUBLIC NB OF MIAMI (MIAMI, FL)
Other banks REPUBLIC NB OF MIAMI acquired in FDIC resolutions