Data / Bank failures / 2002 / Hamilton Bank, National Association
Hamilton Bank, National Association, Miami, FL: failed January 11, 2002
Hamilton Bank, National Association in Miami, Florida, failed on January 11, 2002. Israel Discount Bank of New of New York, NY, took over its deposits. It held $1.41 billion in assets and $1.30 billion in deposits at its last report. The FDIC estimates the cost to its insurance fund at $101.7 million (7.2% of its assets). By assets it was the largest of 11 banks closed or assisted in 2002.
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The FDIC's record
- Closed
- January 11, 2002
- Type
- Failure
- How it was resolved
- Purchase and assumption of the insured deposits only
- Acquirer
- Israel Discount Bank of New, New York, NY
- Total assets
- $1,409,496,000
- Total deposits
- $1,298,731,000
- Estimated cost to the FDIC
- $101,748,000 (estimate as of July 31, 2026)
- Charter
- National bank (supervised by the OCC)
- Insurance fund
- BIF
- FDIC certificate
- 24382
Other bank failures in Florida, 2000 to 2004
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Guaranty National Bank | Tallahassee | March 12, 2004 | $71.3 million | $65.6 million | Hancock Bank | |
| Net First National Bank | Boca Raton | March 1, 2002 | $37.2 million | $31.6 million | Bank Leumi |
Other failed banks Israel Discount Bank of New took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| Monument National Bank | Ridgecrest | CA | June 2, 2000 | $7.9 million | $7.7 million | $616,577 | Israel Discount Bank of New |
All bank failures in 2002 · All bank failures in Florida · Every failed bank Israel Discount Bank of New took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.