Bank failure · FL

Halifax National Bank of Port Orange (Port Orange, FL) — failed March 1, 1985

Halifax National Bank of Port Orange of Port Orange, Florida was closed on March 1, 1985 and resolved through a purchase and assumption. Barnett Bank of Volusia (FL) took over its insured deposits. At failure it held $38.6M in assets and $35.7M in deposits. The FDIC's estimated loss on the failure is $2.5M (6.4% of assets).