Bank failure · FL
The Bank of Miami (Coral Gables, FL) — failed December 17, 2010
The Bank of Miami of Coral Gables, Florida was closed on December 17, 2010 and resolved through a purchase and assumption. 1st United Bank (FL) took over its insured deposits. At failure it held $448.1M in assets and $374.2M in deposits. The FDIC's estimated loss on the failure is $29.0M (6.5% of assets).
- Closing date
- December 17, 2010
- FDIC certificate #
- 19040
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- 1st United Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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