Bank failure · FL
Imperial Bank (Coral Gables, FL) — failed March 30, 1990
Imperial Bank of Coral Gables, Florida was closed on March 30, 1990 and resolved through a purchase and assumption. Commercebank, National Asso (FL) took over its insured deposits. At failure it held $23.2M in assets and $24.0M in deposits. The FDIC's estimated loss on the failure is $5.1M (21.9% of assets).
- Closing date
- March 30, 1990
- FDIC certificate #
- 26469
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Commercebank, National Asso
- Insurance fund
- BIF
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