Bank Failure
Heritage Bank of North Florida
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Closed April 19, 2013 · Orange Park, FL · FDIC Cert #26680.
- Closing date
- April 19, 2013
- Headquarters
- Orange Park, FL
- FDIC Certificate
- 26680
- Total assets at closing
- $104.0M
- Total deposits at closing
- $106.3M
- Estimated loss to the insurance fund
- $25.2M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Firstatlantic Bank
Context
On April 19, 2013, regulators closed Heritage Bank of North Florida, headquartered in Orange Park, FL. At closing, the institution held approximately $104.0M in assets and $106.3M in deposits. The FDIC record names Firstatlantic Bank as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $25.2M.
By assets at closing this is the 1178th largest of the 3,526 bank failures in the FDIC record, and the 11th of 24 in 2013. 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 North Florida fail?
Heritage Bank of North Florida was closed by regulators on April 19, 2013.
Who acquired Heritage Bank of North Florida?
The FDIC record names Firstatlantic Bank as the acquiring institution in the resolution of Heritage Bank of North Florida.
How big was Heritage Bank of North Florida when it failed?
Heritage Bank of North Florida had approximately $104.0M in total assets and $106.3M in deposits at the time of failure.
Other failures in 2013
| Date | Bank | Assets |
|---|---|---|
| Dec 13, 2013 | Texas Community Bank, N.A. | $159.3M |
| Oct 30, 2013 | Bank of Jackson County | $24.7M |
| Sep 13, 2013 | First National Bank | $3.09B |
| Sep 13, 2013 | The Community's Bank | $26.4M |
| Aug 23, 2013 | Community South Bank | $386.9M |
| Aug 23, 2013 | Sunrise Bank of Arizona | $202.2M |
| Aug 9, 2013 | Bank of Wausau | $43.6M |
| Aug 2, 2013 | First Community Bank of Southwest Florida | $247.3M |
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