AMERIFIRST FEDERAL SAVINGS Failed 1991
What happened
AMERIFIRST FEDERAL SAVINGS of MIAMI, FL was closed on 1991-03-15. 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
- 3040
- FDIC Certificate
- 28683
- FDIC FIN
- 2184
- Bank name
- AMERIFIRST FEDERAL SAVINGS
- Location
- MIAMI, FL
- Failure date
- 1991-03-15
- FDIC resolution date
- 1992-03-20
- Charter type
- Savings bank
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $558M
- Deposits at failure
- $2,872M
- Assets at failure
- $3,575M
- Acquiring bank
- GREAT WESTERN BANK, FSB (BEVERLY HILLS, CA)
Other banks GREAT WESTERN BANK, FSB acquired in FDIC resolutions