REPUBLIC FEDERAL BANK, N.A. Failed 2009
What happened
REPUBLIC FEDERAL BANK, N.A. of MIAMI, FL was closed on 2009-12-11. 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
- 3725
- FDIC Certificate
- 22846
- FDIC FIN
- 10158
- Bank name
- REPUBLIC FEDERAL BANK, N.A.
- Location
- MIAMI, FL
- Failure date
- 2009-12-11
- FDIC resolution date
- 2009-12-11
- Charter type
- National commercial bank (OCC-chartered)
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $78M
- Deposits at failure
- $353M
- Assets at failure
- $433M
- Acquiring bank
- 1ST UNITED BANK (BOCA RATON, FL)
Other banks 1ST UNITED BANK acquired in FDIC resolutions