Bank failure · FL
Metro Bank of Dade County (Miami, FL) — failed July 16, 2010
Metro Bank of Dade County of Miami, Florida was closed on July 16, 2010 and resolved through a purchase and assumption. Nafh National Bank (FL) took over its insured deposits. At failure it held $399.4M in assets and $375.5M in deposits. The FDIC's estimated loss on the failure is $64.2M (16.1% of assets).
- Closing date
- July 16, 2010
- FDIC certificate #
- 25172
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Nafh National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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