The Graveyard › Banks › 1989
Interstate Bank of Commerce
Miami, FL · failed March 31, 1989 · FDIC certificate 26807
Interstate Bank of Commerce of Miami, FL failed on March 31, 1989. It opened on July 1, 1986, 2 years before. At its last report before that it held $6.4 million in assets and $7.0 million in deposits. At its largest in the FDIC's quarterly reports, on June 30, 1987, it held $19.3 million. The FDIC estimates that the FDIC's insurance fund lost $1.9 million on it.
1986-091988-12
Assets at the end$6.4 millionlast report before March 31, 1989
Deposits at the end$7.0 million
Estimated loss to the fund$1.9 millionFDIC
Largest in the quarterly reports$19.3 millionJune 30, 1987
Equity to assets-10.0%December 31, 1988
Loans not being repaid4.1%noncurrent, December 31, 1988
Return on assets-12.88%a year's rate, December 31, 1988
Staff8full 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.