Bank failure · FL
Enterprise Bank of Florida (Miami Lakes, FL) — failed March 17, 1989
Enterprise Bank of Florida of Miami Lakes, Florida was closed on March 17, 1989 and resolved through a purchase and assumption. Eastern National Bank (FL) took over its insured deposits. At failure it held $28.0M in assets and $26.3M in deposits. The FDIC's estimated loss on the failure is $3.6M (12.9% of assets).
- Closing date
- March 17, 1989
- FDIC certificate #
- 26257
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Eastern National Bank
- Insurance fund
- FDIC
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