Bank failure · FL
Centrust Bank, Sb (Miami, FL) — failed February 2, 1990
Centrust Bank, Sb of Miami, Florida was closed on February 2, 1990 and resolved through a purchase and assumption. Great Western Bank, FSB (CA) took over its insured deposits. At failure it held $8.2B in assets and $5.9B in deposits. The FDIC's estimated loss on the failure is $672.2M (8.2% of assets).
- Closing date
- February 2, 1990
- FDIC certificate #
- 29000
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Great Western Bank, FSB
- Insurance fund
- RTC
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