Tower Bank, National Association
Hialeah Gardens, FL
$18.8M
total assets, March 31, 1985
$18.8M
total assets, March 31, 1985
Tower Bank, National Association was a national bank in Hialeah Gardens, FL. It failed on Oct 3, 1985, and Bayshore Bank Of Florida took over its deposits. At its last report it held $20.5 million in assets.
Updated Oct 11, 2026 · numbers as of March 31, 1985
This bank failed
- Failed on
- Oct 3, 1985
- Assets
- $20.5M
- Deposits
- $19.7M
- Estimated cost
- $2.7M
- Deposits went to
- Bayshore Bank Of Florida, Miami, FL
Total assets
$18.8M
+12.1% in a year · +7.9% in a quarter
Deposits
$16.9M
+28.5% in a year · +9.5% in a quarter
Loans
$14.2M
+70.2% in a year · +9.0% in a quarter
Profit so far
-$304K
Jan 1 to Mar 31, 1985
Capital ratio
4.85%
-7.30 pts in a year
Return on assets
-6.72%
-3.27 pts in a year
Facts
- Type
- National bank
- Head office
- 8200 N.W. 103rd Street, Hialeah Gardens, FL, 33010
- County
- Miami-Dade
- Established
- Apr 25, 1983
- Failed
- Oct 4, 1985
- Employees
- 30
- Id
- b24573
Quarter by quarter
March 31, 1984 to March 31, 1985
Assets, deposits and loans
Each quarter end, US dollars
Profit by quarter
Net income of each quarter, the last 5
Ratios
Percent. Return on assets and net interest margin are yearly rates.
Related pages
Questions and answers
How big is Tower Bank, National Association?
$18.8 million in total assets and $16.9 million in deposits as of March 31, 1985, with assets up 12.1% from a year before. Its loans were $14.2 million.
Is Tower Bank, National Association profitable?
No: it lost $304,000 from January 1 to March 31, 1985. Its return on assets was -6.72% a year; about 1% is typical.
When did Tower Bank, National Association fail?
Oct 3, 1985. Bayshore Bank Of Florida of Miami, FL took over its deposits. The estimated cost of the failure was $2.70 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.