Bank Failure
Heritage Bank of Florida
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Closed November 2, 2012 · Lutz, FL · FDIC Cert #35009.
- Closing date
- November 2, 2012
- Headquarters
- Lutz, FL
- FDIC Certificate
- 35009
- Total assets at closing
- $225.5M
- Total deposits at closing
- $223.3M
- Estimated loss to the insurance fund
- $73.8M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Centennial Bank
Context
On November 2, 2012, regulators closed Heritage Bank of Florida, headquartered in Lutz, FL. At closing, the institution held approximately $225.5M in assets and $223.3M in deposits. The FDIC record names Centennial Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $73.8M.
By assets at closing this is the 694th largest of the 3,526 bank failures in the FDIC record, and the 16th of 51 in 2012. It falls in the period the record labels Global Financial Crisis (2008-2013), a period with 489 failures peaking at 157 in 2010.
Source: FDIC Failed Banks list. Asset and deposit values reflect the most recent regulatory filing prior to closing.
Common questions
When did Heritage Bank of Florida fail?
Heritage Bank of Florida was closed by regulators on November 2, 2012.
Who acquired Heritage Bank of Florida?
The FDIC record names Centennial Bank as the acquiring institution in the resolution of Heritage Bank of Florida.
How big was Heritage Bank of Florida when it failed?
Heritage Bank of Florida had approximately $225.5M in total assets and $223.3M in deposits at the time of failure.
Other failures in 2012
| Date | Bank | Assets |
|---|---|---|
| Dec 14, 2012 | Community Bank of the Ozarks | $42.8M |
| Nov 16, 2012 | Hometown Communitybank | $124.6M |
| Nov 2, 2012 | Citizens First National Bank | $924.0M |
| Oct 26, 2012 | Nova Bank | $444.7M |
| Oct 19, 2012 | Excel Bank | $186.1M |
| Oct 19, 2012 | Gulfsouth Private Bank | $139.4M |
| Oct 19, 2012 | First East Side Savings Bank | $65.7M |
| Sep 28, 2012 | First United Bank | $328.4M |
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