MIAMI NATIONAL BANK Failed 1990
What happened
MIAMI NATIONAL BANK of MIAMI, FL was closed on 1990-03-22. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to COMMERCEBANK, NATIONAL ASSO (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 2711
- FDIC Certificate
- 17665
- FDIC FIN
- 4167
- Bank name
- MIAMI NATIONAL BANK
- Location
- MIAMI, FL
- Failure date
- 1990-03-22
- FDIC resolution date
- 1990-03-22
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $45M
- Assets at failure
- $46M
- Acquiring bank
- COMMERCEBANK, NATIONAL ASSO (MIAMI, FL)
Other banks COMMERCEBANK, NATIONAL ASSO acquired in FDIC resolutions