Sunny Miami Palm trees, warm ocean waters Plus one toasted bank by Soylent Green is People From the FDIC : 1st United Bank, Boca Raton, Florida, Assumes All of the Deposits of Republic Federal Bank, National Association, Miami, Florida Republic Federal Bank, National Association, Miami, Florida, was closed today by the Office of the Comptroller of the Currency (OCC), which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver. … As of September 30, 2009, Republic Federal Bank, N.A. had total assets of approximately $433.0 million and total deposits of approximately $352.7 million. … The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $122.6 million. … Republic Federal Bank, N.A. is the 131st FDIC-insured institution to fail in the nation this year, and the 13th in Florida. The last FDIC-insured institution closed in the state was Commerce Bank of Southwest Florida, Fort Myers, on November 20, 2009.

Read more here – Bank Failure #131: Republic Federal Bank, National Association, Miami, Florida