Bank Failure
Republic Federal Bank, N.A.
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Closed December 11, 2009 · Miami, FL · FDIC Cert #22846.
- Closing date
- December 11, 2009
- Headquarters
- Miami, FL
- FDIC Certificate
- 22846
- Total assets at closing
- $433.0M
- Total deposits at closing
- $352.7M
- Estimated loss to the insurance fund
- $78.0M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- 1st United Bank
Context
On December 11, 2009, regulators closed Republic Federal Bank, N.A., headquartered in Miami, FL. At closing, the institution held approximately $433.0M in assets and $352.7M in deposits. The FDIC record names 1st United Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $78.0M.
By assets at closing this is the 427th largest of the 3,526 bank failures in the FDIC record, and the 55th of 140 in 2009. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Republic Federal Bank, N.A. fail?
Republic Federal Bank, N.A. was closed by regulators on December 11, 2009.
Who acquired Republic Federal Bank, N.A.?
The FDIC record names 1st United Bank as the acquiring institution in the resolution of Republic Federal Bank, N.A.
How big was Republic Federal Bank, N.A. when it failed?
Republic Federal Bank, N.A. had approximately $433.0M in total assets and $352.7M in deposits at the time of failure.
Other failures in 2009
| Date | Bank | Assets |
|---|---|---|
| Dec 18, 2009 | First Federal Bank of California, a Federal Savings Bank | $6.14B |
| Dec 18, 2009 | Imperial Capital Bank | $4.05B |
| Dec 18, 2009 | Peoples First Community Bank | $1.80B |
| Dec 18, 2009 | New South Federal Savings Bank | $1.46B |
| Dec 18, 2009 | Independent Bankers' Bank | $585.5M |
| Dec 18, 2009 | Rockbridge Commercial Bank | $294.0M |
| Dec 18, 2009 | Citizens State Bank | $168.6M |
| Dec 11, 2009 | Solutionsbank | $511.1M |
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