Bank failure · FL
Bayshore Bank of Florida (Miami, FL) — failed August 7, 1987
Bayshore Bank of Florida of Miami, Florida was closed on August 7, 1987 and resolved through a insured deposit transfer. Eagle National Bank of M (FL) took over its insured deposits. At failure it held $41.5M in assets and $40.3M in deposits. The FDIC's estimated loss on the failure is $6.7M (16.2% of assets).
- Closing date
- August 7, 1987
- FDIC certificate #
- 23670
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Eagle National Bank of M
- Insurance fund
- FDIC
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