Bank failure · FL

The Trust Bank (Hialeah, FL) — failed January 29, 1988

The Trust Bank of Hialeah, Florida was closed on January 29, 1988 and resolved through a insured deposit transfer. Republic Nb of Miami (FL) took over its insured deposits. At failure it held $164.5M in assets and $160.2M in deposits. The FDIC's estimated loss on the failure is $15.7M (9.5% of assets).