Bank failure · FL
Miami National Bank (Miami, FL) — failed March 22, 1990
Miami National Bank of Miami, Florida was closed on March 22, 1990 and resolved through a purchase and assumption. Commercebank, National Asso (FL) took over its insured deposits. At failure it held $46.4M in assets and $45.1M in deposits. The FDIC's estimated loss on the failure is $5.3M (11.3% of assets).
- Closing date
- March 22, 1990
- FDIC certificate #
- 17665
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Commercebank, National Asso
- Insurance fund
- BIF
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