METRO BANK OF DADE COUNTY Failed 2010
What happened
METRO BANK OF DADE COUNTY of MIAMI, FL was closed on 2010-07-16. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to NAFH NATIONAL BANK (MIAMI, FL). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3824
- FDIC Certificate
- 25172
- FDIC FIN
- 10259
- Bank name
- METRO BANK OF DADE COUNTY
- Location
- MIAMI, FL
- Failure date
- 2010-07-16
- FDIC resolution date
- 2010-07-16
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $64M
- Deposits at failure
- $376M
- Assets at failure
- $399M
- Acquiring bank
- NAFH NATIONAL BANK (MIAMI, FL)
Other banks NAFH NATIONAL BANK acquired in FDIC resolutions