Bank failure · FL
Republic Federal Bank, N.A. (Miami, FL) — failed December 11, 2009
Republic Federal Bank, N.A. of Miami, Florida was closed on December 11, 2009 and resolved through a purchase and assumption. 1st United Bank (FL) took over its insured deposits. At failure it held $433.0M in assets and $352.7M in deposits. The FDIC's estimated loss on the failure is $78.0M (18.0% of assets).
- Closing date
- December 11, 2009
- FDIC certificate #
- 22846
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- 1st United Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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