Miami's Republic Federal Bank, N.A., became the 131th bank failure of the year, according to the Federal Deposit Insurance Corp. on Friday. 1st United Bank of Boca Raton, Fla. will assume all of Republic Federal's deposits. As of Sept. 30, Republic Federal had total assets of about $433 million and total deposits of about $352.7 million. 1st United will buy $267.1 million of the failed bank's assets. The failure also marks Florida's 13th bank failure of the year.
Miami's Republic Federal year's 131st bank failure
Miami's Republic Federal Bank, N.A., became the 131th bank failure of the year, according to the Federal Deposit Insurance Corp. on Friday. 1st United Bank of Boca Raton, Fla. will assume all of Republic Federal's deposits. As of Sept. 30, Republic Federal had total assets of about $433 million and total deposits of about $352.7 million. 1st United will buy $267.1 million of the failed bank's assets. The failure also marks Florida's 13th bank failure of the year.
Subscribe to:
Post Comments (Atom)
Money Making Programs
No comments:
Post a Comment