Bank failure · FL
General Federal Savings Bank (Coral Gables, FL) — failed November 16, 1989
General Federal Savings Bank of Coral Gables, Florida was closed on November 16, 1989 and resolved through a insured deposit transfer. Republic Nb of Miami (FL) took over its insured deposits. At failure it held $355.5M in assets and $301.5M in deposits. The FDIC's estimated loss on the failure is $115.4M (32.5% of assets).
- Closing date
- November 16, 1989
- FDIC certificate #
- 32030
- Resolution
- Insured deposit transfer (failure)
- Acquiring institution
- Republic Nb of Miami
- Insurance fund
- RTC
Other failures in 1989
- Silver Savings Assoc. NM
- Columbia Fsa TX
- First City National Bank and Trust NY
- United Community Bank CA
- First American Bank and Trust FL
- Yorkridge-Calvert Federal Savings MD
- First Acadiana Bank LA
- Red River S & L Assoc. LA
- Louisiana Savings Assn. LA
- North Side State Bank OK
- Canyon Lake Bank TX
- City National Bank of Sayre OK
- Midlothian National Bank TX
- First Bank, Pineville, Louisiana LA
- Orange State Bank FL
- Atlantic Permanent Federal VA
- City Savings, FSB NJ
- Atlantic National Bank VA
- Westheimer Memorial Bank, NA TX
- First Commerce National Bank AZ
- Aledo State Bank TX
- First National Bank of Frisco TX
- The Garnett S & L Assoc. KS
- Arlington Heights Savings Assoc. IL