ORION BANK Failed 2009
What happened
ORION BANK of NAPLES, FL was closed on 2009-11-13. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to IBERIABANK (LAFAYETTE, LA). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3714
- FDIC Certificate
- 22427
- FDIC FIN
- 10149
- Bank name
- ORION BANK
- Location
- NAPLES, FL
- Failure date
- 2009-11-13
- FDIC resolution date
- 2009-11-13
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $713M
- Deposits at failure
- $2,169M
- Assets at failure
- $2,613M
- Acquiring bank
- IBERIABANK (LAFAYETTE, LA)
Other banks IBERIABANK acquired in FDIC resolutions