IMPERIAL BANK Failed 1990
What happened
IMPERIAL BANK of CORAL GABLES, FL was closed on 1990-03-30. 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
- 2719
- FDIC Certificate
- 26469
- FDIC FIN
- 4176
- Bank name
- IMPERIAL BANK
- Location
- CORAL GABLES, FL
- Failure date
- 1990-03-30
- FDIC resolution date
- 1990-03-30
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $5M
- Deposits at failure
- $24M
- Assets at failure
- $23M
- Acquiring bank
- COMMERCEBANK, NATIONAL ASSO (MIAMI, FL)
Other banks COMMERCEBANK, NATIONAL ASSO acquired in FDIC resolutions