Bank failure · FL
Orion Bank (Naples, FL) — failed November 13, 2009
Orion Bank of Naples, Florida was closed on November 13, 2009 and resolved through a purchase and assumption. Iberiabank (LA) took over its insured deposits. At failure it held $2.6B in assets and $2.2B in deposits. The FDIC's estimated loss on the failure is $713.1M (27.3% of assets).
- Closing date
- November 13, 2009
- FDIC certificate #
- 22427
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- Iberiabank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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