Bank failure · FL
Old Harbor Bank (Clearwater, FL) — failed October 21, 2011
Old Harbor Bank of Clearwater, Florida was closed on October 21, 2011 and resolved through a purchase and assumption. 1st UNITED BANK (FL) took over its insured deposits. At failure it held $209.0M in assets and $212.2M in deposits. The FDIC's estimated loss on the failure is $26.3M (12.6% of assets).
- Closing date
- October 21, 2011
- FDIC certificate #
- 57537
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- 1st UNITED BANK
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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