Bank failure · FL
Turnberry Bank (Aventura, FL) — failed July 16, 2010
Turnberry Bank of Aventura, 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 $240.3M in assets and $179.2M in deposits. The FDIC's estimated loss on the failure is $28.7M (11.9% of assets).
- Closing date
- July 16, 2010
- FDIC certificate #
- 32280
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Nafh National Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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