CENTRUST BANK, SB Failed 1990
What happened
CENTRUST BANK, SB of MIAMI, FL was closed on 1990-02-02. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2642
- FDIC Certificate
- 29000
- FDIC FIN
- 7102
- Bank name
- CENTRUST BANK, SB
- Location
- MIAMI, FL
- Failure date
- 1990-02-02
- FDIC resolution date
- 1990-06-29
- Charter type
- SL
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $672M
- Deposits at failure
- $5,894M
- Assets at failure
- $8,218M
- Acquiring bank
- GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA)
Other banks GREAT WESTERN BANK, FSB acquired in FDIC resolutions