# FIRST NATIONAL BANK OF MIAMI

> **Failed bank** · MIAMI, FL · failed 1991-11-26 · National commercial bank (OCC-chartered) · FDIC cost $6M

## What happened

FIRST NATIONAL BANK OF MIAMI of MIAMI, FL was closed by the OCC on **1991-11-26**. The FDIC was named receiver.

**Resolution:** Insured Deposit Transfer — insured deposits transferred to another bank

Deposits were transferred to **READY STATE BANK** (HIALEAH, FL). Customers became depositors of the acquiring bank automatically.


## Key facts

- **FDIC ID:** 3242
- **FDIC Certificate:** 26274
- **FDIC FIN:** 4428
- **Bank name:** FIRST NATIONAL BANK OF MIAMI
- **Location:** MIAMI, FL
- **Failure date:** 1991-11-26
- **FDIC resolution date:** 1991-11-26
- **Charter type:** National commercial bank (OCC-chartered)
- **Resolution type:** Insured Deposit Transfer — insured deposits transferred to another bank
- **Estimated FDIC DIF cost:** $6M
- **Deposits at failure:** $41M
- **Assets at failure:** $40M
- **Acquiring bank:** READY STATE BANK (HIALEAH, FL)

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, FIRST NATIONAL BANK OF MIAMI (FDIC ID 3242), failed 1991-11-26. Retrieved via AI Analytics 2026-07-03 from https://api.ai-analytics.org/failed-bank/3242.

---

*[FDIC failures dataset](/datasets/fdic-failures) · CC0 1.0*