First National Bank of Miami
Miami, FL · Owner: Financial Bankshares Inc
$40.5M
total assets, September 30, 1991
$40.5M
total assets, September 30, 1991
First National Bank of Miami was a national bank in Miami, FL, owned by Financial Bankshares Inc. It failed on Nov 26, 1991, and Ready State Bank took over its deposits. At its last report it held $40.5 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 1991
This bank failed
- Failed on
- Nov 26, 1991
- Assets
- $40.5M
- Deposits
- $40.9M
- Estimated cost
- $6.3M
- Deposits went to
- Ready State Bank, Hialeah, FL
Total assets
$40.5M
-20.1% in a year · -9.7% in a quarter
Deposits
$40.9M
-14.1% in a year · -5.0% in a quarter
Loans
$29.0M
-22.5% in a year · -8.2% in a quarter
Profit so far
-$3.3M
Jan 1 to Sep 30, 1991
Capital ratio
-1.87%
-6.88 pts in a year
Return on assets
-9.73%
-7.16 pts in a year
Facts
- Type
- National bank
- Head office
- 1390 Brickell Avenue, Miami, FL, 33131
- County
- Miami-Dade
- Holding company
- Financial Bankshares Inc
- Established
- Jun 13, 1985
- Failed
- Nov 26, 1991
- Employees
- 32
- Id
- b26274
Quarter by quarter
June 30, 1985 to September 30, 1991
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 12
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is First National Bank of Miami?
$40.5 million in total assets and $40.9 million in deposits as of September 30, 1991, with assets down 20.1% from a year before. Its loans were $29.0 million.
Is First National Bank of Miami profitable?
No: it lost $3.34 million from January 1 to September 30, 1991. Its return on assets was -9.73% a year; about 1% is typical.
Who owns First National Bank of Miami?
First National Bank of Miami is owned by Financial Bankshares Inc, its holding company.
When did First National Bank of Miami fail?
Nov 26, 1991. Ready State Bank of Hialeah, FL took over its deposits. The estimated cost of the failure was $6.27 million.
Official public data from the reports every insured bank files each quarter. Profit so far runs from January 1 to the quarter end. Branch deposits are counted once a year, as of June 30. New quarters appear about two months after the quarter ends.