Bank failure · FL

First National Bank of Miami (Miami, FL) — failed November 26, 1991

First National Bank of Miami of Miami, Florida was closed on November 26, 1991 and resolved through a insured deposit transfer. Ready State Bank (FL) took over its insured deposits. At failure it held $40.5M in assets and $40.9M in deposits. The FDIC's estimated loss on the failure is $6.3M (15.5% of assets).