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Failed Bank Information for Republic Federal Bank, National Association, Miami, FL

On Friday, December 11, 2009, Republic Federal Bank, National Association was closed by the Office of the Comptroller of the Currency (OCC). The FDIC was named Receiver. 1st United Bank, Boca Raton, FL acquired all deposit accounts.

The FDIC as Receiver for Republic Federal Bank, National Association, Miami, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on March 30, 2022 and has made all dividend distributions required by law.

Effective October 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: October 1, 2022


Notice of Intent to Terminate

Publication Date: March 30, 2022

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware of scams!

Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

caution

Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.

ACQUIRING INSTITUTION: 1st United Bank

About 1st United Bank

All deposit accounts, excluding certain brokered deposits, were transferred to 1st United Bank, Boca Raton, FL ("assuming institution"). Former Republic Federal Bank, National Association locations reopened as branches of 1st United Bank.

Your transferred deposits were separately insured from any accounts you may have already had at 1st United Bank for at least six months after the failure of Republic Federal Bank, National Association.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with 1st United Bank as long as the deposits are not pledged as collateral for loans.

Contacting 1st United Bank

On November 1, 2014, 1st United Bank merged with Valley National Bank.

You can contact Valley National Bank:

Valley National Bank
615 Main Ave
Passaic, NJ 07055

Valley National Bank (www.valley.com)

Transaction Documentation

Purchase & Assumption Agreement - PDF (0.6Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank