The Graveyard › Banks › 1991
First National Bank of Miami
Miami, FL · failed November 26, 1991 · FDIC certificate 26274
First National Bank of Miami of Miami, FL failed on November 26, 1991. It opened on June 13, 1985, 6 years before. At its last report before that it held $40.5 million in assets and $40.9 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1990, it held $54.6 million. The FDIC estimates that the Bank Insurance Fund lost $6.3 million on it.
1985-061991-09
Assets at the end$40.5 millionlast report before November 26, 1991
Deposits at the end$40.9 million
Estimated loss to the fund$6.3 millionBIF
Largest in the quarterly reports$54.6 millionJune 30, 1990
Equity to assets-1.9%September 30, 1991
Loans not being repaid5.0%noncurrent, September 30, 1991
Return on assets-9.73%a year's rate, September 30, 1991
Staff32full time, September 30, 1991
Also ended in 1991
- Bank of New England, National Association · Boston, MA · $13.4 billion in assets
- Southeast Bank, National Association · Miami, FL · $11.0 billion in assets
- Goldome · Buffalo, NY · $9.9 billion in assets
- Great American Fsa · San Diego, CA · $9.5 billion in assets
- The Connecticut Bank & Trust Co · Hartford, CT · $7.2 billion in assets
- Sunbelt Savings · Irving, TX · $6.0 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.