Bank failure · PA
Vantage Point Bank (Horsham, PA) — failed February 28, 2014
Vantage Point Bank of Horsham, Pennsylvania was closed on February 28, 2014 and resolved through a purchase and assumption. First Choice Bank (NJ) took over its insured deposits. At failure it held $63.5M in assets and $62.5M in deposits. The FDIC's estimated loss on the failure is $9.0M (14.1% of assets).
- Closing date
- February 28, 2014
- FDIC certificate #
- 58531
- Resolution
- Purchase and assumption (failure)
- Acquiring institution
- First Choice Bank
- Insurance fund
- DIF
- Pre-failure filings
- Last reported financials
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