# GENERAL FEDERAL SAVINGS BANK

> **Failed bank** · CORAL GABLES, FL · failed 1989-11-16 · Savings bank · FDIC cost $115M

## What happened

GENERAL FEDERAL SAVINGS BANK of CORAL GABLES, FL was closed by state regulators 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
- **Estimated FDIC DIF cost:** $115M
- **Deposits at failure:** $301M
- **Assets at failure:** $356M
- **Acquiring bank:** REPUBLIC NB OF MIAMI (MIAMI, FL)

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

- MIAMI SAVINGS BANK (MIAMI, FL) — failed 1989-03-16 — /failed-bank/2252
- 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=GENERAL%20FEDERAL%20SAVINGS%20BANK

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, GENERAL FEDERAL SAVINGS BANK (FDIC ID 2561), failed 1989-11-16. Retrieved via AI Analytics 2026-07-09 from https://api.ai-analytics.org/failed-bank/2561.

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