The Graveyard › Banks › 1990
Bank M
Miami, FL · failed June 15, 1990 · FDIC certificate 24683
Bank M of Miami, FL failed on June 15, 1990. It opened on September 16, 1983, 6 years before. At its last report before that it held $10.7 million in assets and $10.7 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $28.3 million. The FDIC estimates that the Bank Insurance Fund lost $3.9 million on it.
1984-031990-03
Assets at the end$10.7 millionlast report before June 15, 1990
Deposits at the end$10.7 million
Estimated loss to the fund$3.9 millionBIF
Largest in the quarterly reports$28.3 millionDecember 31, 1986
Equity to assets-3.5%March 31, 1990
Loans not being repaid8.5%noncurrent, March 31, 1990
Return on assets-13.11%a year's rate, March 31, 1990
Staff17full time, March 31, 1990
Also ended in 1990
- Imperial Federal Savings Association · San Diego, CA · $9.6 billion in assets
- Franklin Fsa · Ottawa · $9.3 billion in assets
- Centrust Bank, SB · Miami, FL · $8.2 billion in assets
- Empire of America FSB · Buffalo, NY · $8.2 billion in assets
- Merabank FSB · Phoenix, AZ · $6.3 billion in assets
- Southwest Savings Association · Dallas, TX · $5.3 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.