HORIZON BANK Failed 2010
What happened
HORIZON BANK of BRADENTON, FL was closed on 2010-09-10. The FDIC was named receiver.
Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets
Deposits were transferred to BANK OF THE OZARKS (LITTLE ROCK, AR). Customers became depositors of the acquiring bank automatically.
Key facts
- FDIC ID
- 3852
- FDIC Certificate
- 35061
- FDIC FIN
- 10286
- Bank name
- HORIZON BANK
- Location
- BRADENTON, FL
- Failure date
- 2010-09-10
- FDIC resolution date
- 2010-09-10
- Charter type
- State commercial bank, Federal Reserve member
- Resolution type
- Purchase & Assumption — acquiring bank assumed deposits + bought assets
- FDIC DIF cost (est.)
- $61M
- Deposits at failure
- $165M
- Assets at failure
- $188M
- Acquiring bank
- BANK OF THE OZARKS (LITTLE ROCK, AR)
Other banks BANK OF THE OZARKS acquired in FDIC resolutions