Bank Failure
Horizon Bank
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Closed September 10, 2010 · Bradenton, FL · FDIC Cert #35061.
- Closing date
- September 10, 2010
- Headquarters
- Bradenton, FL
- FDIC Certificate
- 35061
- Total assets at closing
- $187.8M
- Total deposits at closing
- $164.6M
- Estimated loss to the insurance fund
- $61.3M
- Insurance fund
- Deposit Insurance Fund (DIF)
- Resolution
- Failure (closed by regulators)
- Acquirer
- Bank of the Ozarks
Context
On September 10, 2010, regulators closed Horizon Bank, headquartered in Bradenton, FL. At closing, the institution held approximately $187.8M in assets and $164.6M in deposits. The FDIC record names Bank of the Ozarks as the acquiring institution in the resolution. The estimated cost to the Deposit Insurance Fund (DIF) was approximately $61.3M.
By assets at closing this is the 808th largest of the 3,526 bank failures in the FDIC record, and the 98th of 157 in 2010. 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 Horizon Bank fail?
Horizon Bank was closed by regulators on September 10, 2010.
Who acquired Horizon Bank?
The FDIC record names Bank of the Ozarks as the acquiring institution in the resolution of Horizon Bank.
How big was Horizon Bank when it failed?
Horizon Bank had approximately $187.8M in total assets and $164.6M in deposits at the time of failure.
Other failures in 2010
| Date | Bank | Assets |
|---|---|---|
| Dec 17, 2010 | The Bank of Miami | $448.1M |
| Dec 17, 2010 | Chestatee State Bank | $244.4M |
| Dec 17, 2010 | United Americas Bank | $242.3M |
| Dec 17, 2010 | First Southern Bank | $191.8M |
| Dec 17, 2010 | Appalacian Community Bank, F.S.B. | $68.2M |
| Dec 17, 2010 | Community National Bank | $31.6M |
| Dec 10, 2010 | Paramount Bank | $252.7M |
| Dec 10, 2010 | Earthstar Bank | $112.6M |
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