The Graveyard › Banks › 1987
Bayshore Bank of Florida
Miami, FL · failed August 7, 1987 · FDIC certificate 23670
Bayshore Bank of Florida of Miami, FL failed on August 7, 1987. It opened on January 27, 1982, 5 years before. At its last report before that it held $41.5 million in assets and $40.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1985, it held $51.8 million. The FDIC estimates that the FDIC's insurance fund lost $6.7 million on it.
1984-031987-06
Assets at the end$41.5 millionlast report before August 7, 1987
Deposits at the end$40.3 million
Estimated loss to the fund$6.7 millionFDIC
Largest in the quarterly reports$51.8 millionDecember 31, 1985
Equity to assets-0.7%June 30, 1987
Loans not being repaid3.3%noncurrent, June 30, 1987
Return on assets-11.13%a year's rate, June 30, 1987
Staff55full time, June 30, 1987
Also ended in 1987
- Lyons Federal Trust & Savings · Countryside · $2.3 billion in assets · assisted
- Freedom S&LA · Tampa, FL · $1.9 billion in assets
- Vernon S&LA · Vernon, TX · $1.3 billion in assets
- Syracuse Savings Bank · Syracuse · $1.2 billion in assets · assisted
- Independent American SA · Irving, TX · $1.0 billion in assets
- First Financial Bank, FSB · New Orleans · $744.9 million in assets · assisted
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.