The Bank of Miami, National Association
Coral Gables, FL · Owner: Granvalor Holding LTD
$448M
total assets, September 30, 2010
$448M
total assets, September 30, 2010
The Bank of Miami, National Association was a national bank in Coral Gables, FL, owned by Granvalor Holding LTD. It failed on Dec 17, 2010, and 1ST United Bank took over its deposits. At its last report it held $448.1 million in assets.
Updated Oct 11, 2026 · numbers as of September 30, 2010
This bank failed
- Failed on
- Dec 17, 2010
- Assets
- $448M
- Deposits
- $374M
- Estimated cost
- $29.0M
- Deposits went to
- 1ST United Bank, Boca Raton, FL
Total assets
$448M
-26.3% in a year · -8.5% in a quarter
Deposits
$374M
-18.7% in a year · -3.1% in a quarter
Loans
$326M
-21.8% in a year · -7.6% in a quarter
Profit so far
-$26.7M
Jan 1 to Sep 30, 2010
Capital ratio
1.72%
-4.95 pts in a year
Return on assets
-7.22%
-0.23 pts in a year
Facts
- Type
- National bank
- Head office
- 121 Alhambra Plaza, Coral Gables, FL, 33134
- County
- Miami-Dade
- Holding company
- Granvalor Holding LTD
- Established
- Feb 21, 1964
- Failed
- Dec 17, 2010
- Employees
- 101
- Branches
- 3
- Id
- b19040
Quarter by quarter
March 31, 1984 to September 30, 2010
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 The Bank of Miami, National Association?
$448.1 million in total assets and $374.2 million in deposits as of September 30, 2010, with assets down 26.3% from a year before. Its loans were $326.4 million.
How many branches does The Bank of Miami, National Association have?
3 branches in Florida as of June 30, 2026.
Is The Bank of Miami, National Association profitable?
No: it lost $26.7 million from January 1 to September 30, 2010. Its return on assets was -7.22% a year; about 1% is typical.
Who owns The Bank of Miami, National Association?
The Bank of Miami, National Association is owned by Granvalor Holding LTD, its holding company.
When did The Bank of Miami, National Association fail?
Dec 17, 2010. 1ST United Bank of Boca Raton, FL took over its deposits. The estimated cost of the failure was $29.0 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.