Bank failure · FL
Horizon Bank (Bradenton, FL) — failed September 10, 2010
Horizon Bank of Bradenton, Florida was closed on September 10, 2010 and resolved through a purchase and assumption. Bank of the Ozarks (AR) took over its insured deposits. At failure it held $187.8M in assets and $164.6M in deposits. The FDIC's estimated loss on the failure is $61.3M (32.6% of assets).
- Closing date
- September 10, 2010
- FDIC certificate #
- 35061
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Bank of the Ozarks
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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