$21.7M
total assets, December 31, 1987
Global Bank was a state member bank in Hialeah, FL. It failed on Feb 12, 1988, and Ocean Bank took over its deposits. At its last report it held $21.7 million in assets.
Updated Oct 11, 2026 · numbers as of December 31, 1987
This bank failed
- Failed on
- Feb 12, 1988
- Assets
- $21.7M
- Deposits
- $20.4M
- Estimated cost
- $7.0M
- Deposits went to
- Ocean Bank, Miami, FL
Total assets
$21.7M
-30.6% in a year · -5.2% in a quarter
Deposits
$20.4M
-29.4% in a year · -5.4% in a quarter
Loans
$14.9M
-29.0% in a year · -14.7% in a quarter
Profit so far
-$2.8M
Jan 1 to Dec 31, 1987
Capital ratio
3.83%
-1.78 pts in a year
Return on assets
-10.88%
-9.13 pts in a year
Facts
- Type
- State member bank
- Head office
- 1801 West Fourth Avenue, Hialeah, FL, 33010
- County
- Miami-Dade
- Established
- Jul 19, 1984
- Failed
- Feb 12, 1988
- Employees
- 30
- Id
- b25288
Quarter by quarter
September 30, 1984 to December 31, 1987
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 Global Bank?
$21.7 million in total assets and $20.4 million in deposits as of December 31, 1987, with assets down 30.6% from a year before. Its loans were $14.9 million.
Is Global Bank profitable?
No: it lost $2.75 million from January 1 to December 31, 1987. Its return on assets was -10.88% a year; about 1% is typical.
When did Global Bank fail?
Feb 12, 1988. Ocean Bank of Miami, FL took over its deposits. The estimated cost of the failure was $6.99 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.