The Graveyard › Banks › 1989
Enterprise Bank of Florida
Miami Lakes, FL · failed March 17, 1989 · FDIC certificate 26257
Enterprise Bank of Florida of Miami Lakes, FL failed on March 17, 1989. It opened on May 23, 1985, 3 years before. At its last report before that it held $28.0 million in assets and $26.3 million in deposits. At its largest in the FDIC's quarterly reports, on December 31, 1986, it held $36.5 million. The FDIC estimates that the FDIC's insurance fund lost $3.6 million on it.
1985-061988-12
Assets at the end$28.0 millionlast report before March 17, 1989
Deposits at the end$26.3 million
Estimated loss to the fund$3.6 millionFDIC
Largest in the quarterly reports$36.5 millionDecember 31, 1986
Equity to assets-1.1%December 31, 1988
Loans not being repaid9.9%noncurrent, December 31, 1988
Return on assets-5.27%a year's rate, December 31, 1988
Staff22full time, December 31, 1988
Also ended in 1989
- Gibraltar Savings, FA · Simi Valley, CA · $13.4 billion in assets
- City Savings, FSB · Somerset, NJ · $9.8 billion in assets
- MBank Dallas, National Association · Dallas, TX · $6.6 billion in assets
- Western Savings & Loan · Phoenix, AZ · $5.7 billion in assets
- Lincoln Savings & Loan · Irvine, CA · $4.9 billion in assets
- University Federal Savings · Houston, TX · $4.5 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.