Bank failure · FL
Amerifirst Federal Savings (Miami, FL) — failed March 15, 1991
Amerifirst Federal Savings of Miami, Florida was closed on March 15, 1991 and resolved through a purchase and assumption. Great Western Bank, FSB (CA) took over its insured deposits. At failure it held $3.6B in assets and $2.9B in deposits. The FDIC's estimated loss on the failure is $557.5M (15.6% of assets).
- Closing date
- March 15, 1991
- FDIC certificate #
- 28683
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Great Western Bank, FSB
- Insurance fund
- RTC
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