Bank failure · FL

Heritage Bank of North Florida (Orange Park, FL) — failed April 19, 2013

Heritage Bank of North Florida of Orange Park, Florida was closed on April 19, 2013 and resolved through a purchase and assumption. Firstatlantic Bank (FL) took over its insured deposits. At failure it held $104.0M in assets and $106.3M in deposits. The FDIC's estimated loss on the failure is $25.2M (24.3% of assets).