# FIRST MARINE BANK OF FLORIDA

> **Failed bank** · PALM CITY, FL · failed 1991-03-08 · State commercial bank, Federal Reserve member · FDIC cost $4M

## What happened

FIRST MARINE BANK OF FLORIDA of PALM CITY, FL was closed by state regulators on **1991-03-08**. The FDIC was named receiver.

**Resolution:** Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to **1ST UNITED BANK** (BOCA RATON, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3028
- **FDIC Certificate:** 24831
- **FDIC FIN:** 4329
- **Bank name:** FIRST MARINE BANK OF FLORIDA
- **Location:** PALM CITY, FL
- **Failure date:** 1991-03-08
- **FDIC resolution date:** 1991-03-08
- **Charter type:** State commercial bank, Federal Reserve member
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $4M
- **Deposits at failure:** $17M
- **Assets at failure:** $17M
- **Acquiring bank:** 1ST UNITED BANK (BOCA RATON, FL)

## Other banks 1ST UNITED BANK has acquired in FDIC resolutions

- THE BANK OF MIAMI (CORAL GABLES, FL) — failed 2010-12-17 — /failed-bank/3885
- REPUBLIC FEDERAL BANK, N.A. (MIAMI, FL) — failed 2009-12-11 — /failed-bank/3725
- BANK OF SOUTH PALM BEACHES (HYPOLUXO, FL) — failed 1991-08-09 — /failed-bank/3158

## Primary source

FDIC BankFind failed-bank search: https://banks.data.fdic.gov/explore/failures?searchName=FIRST%20MARINE%20BANK%20OF%20FLORIDA

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST MARINE BANK OF FLORIDA (FDIC ID 3028), failed 1991-03-08. Retrieved via AI Analytics 2026-05-19 from https://api.ai-analytics.org/failed-bank/3028.

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