# TURNBERRY BANK

> **Failed bank** · AVENTURA, FL · failed 2010-07-16 · Savings bank · FDIC cost $29M

## What happened

TURNBERRY BANK of AVENTURA, FL was closed by state regulators 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:** 3827
- **FDIC Certificate:** 32280
- **FDIC FIN:** 10261
- **Bank name:** TURNBERRY BANK
- **Location:** AVENTURA, FL
- **Failure date:** 2010-07-16
- **FDIC resolution date:** 2010-07-16
- **Charter type:** Savings bank
- **Resolution type:** Purchase & Assumption — acquiring bank assumed deposits + bought assets
- **Estimated FDIC DIF cost:** $29M
- **Deposits at failure:** $179M
- **Assets at failure:** $240M
- **Acquiring bank:** NAFH NATIONAL BANK (MIAMI, FL)

## Other banks NAFH NATIONAL BANK has acquired in FDIC resolutions

- FIRST NATIONAL BANK OF THE SOUTH (SPARTANBURG, SC) — failed 2010-07-16 — /failed-bank/3829
- METRO BANK OF DADE COUNTY (MIAMI, FL) — failed 2010-07-16 — /failed-bank/3824

## Primary source

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

## Citation

> US Federal Deposit Insurance Corporation, BankFind failed-bank database, TURNBERRY BANK (FDIC ID 3827), failed 2010-07-16. Retrieved via AI Analytics 2026-07-07 from https://api.ai-analytics.org/failed-bank/3827.

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