Bank Watch: Bank of Miami NA bites the dust. By Geniusofdespair

Bank Watch: I have been keeping track of the health of Miami Dade Banks since September 2009 via the BauerFinancial ratings. Bank of Miami NA in Coral Gables started out as a ZERO Bank and remained at zero every quarter until last time I checked in Sept. 2010. From the FDIC website:

On Friday, December 17, 2010, The Bank of Miami, National Association (N.A.), Coral Gables, FL was closed by the Office of the Comptroller of the Currency. Subsequently, the Federal Deposit Insurance Corporation (FDIC) was named Receiver. No advance notice is given to the public when a financial institution is closed.

Its operation was turned over to 1st United Bank of Boca Raton and they paid 38 million for the assets of Bank of Miami, according to the South Florida Business Journal. The officers of the holding company that owned the bank are:

SOLER, FRANSISCO A
121 ALHAMBRA PLAZA , PENTHOUSE 2
CORAL GABLES FL 33134
Title D

ATWILL, WILLIAM
121 ALHAMBRA PLAZA , PENTHOUSE 2
CORAL GABLES FL 33134
Title D

RIBADENEIRA, DIEGO
121 ALHAMBRA PLAZA , PENTHOUSE 2
CORAL GABLES FL 33134
Title D

MEJIA, CARLOS J
121 ALHAMBRA PLAZA , PENTHOUSE 2
CORAL GABLES FL 33134
Title EVP

PRESTAMO, ALBA M
121 ALHAMBRA PLAZA , PENTHOUSE 2
CORAL GABLES FL 33134