OLD HARBOR BANK Failed 2011

CLEARWATER, FL · State commercial bank, non-Federal Reserve member (FDIC-supervised) · view on FDIC BankFind ↗

What happened

OLD HARBOR BANK of CLEARWATER, FL was closed on 2011-10-21. The FDIC was named receiver.

Resolution: Purchase & Assumption — acquiring bank assumed deposits + bought assets

Deposits were transferred to 1st UNITED BANK (BOCA RATON, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
3974
FDIC Certificate
57537
FDIC FIN
10408
Bank name
OLD HARBOR BANK
Location
CLEARWATER, FL
Failure date
2011-10-21
FDIC resolution date
2011-10-21
Charter type
State commercial bank, non-Federal Reserve member (FDIC-supervised)
Resolution type
Purchase & Assumption — acquiring bank assumed deposits + bought assets
FDIC DIF cost (est.)
$26M
Deposits at failure
$212M
Assets at failure
$209M
Acquiring bank
1st UNITED BANK (BOCA RATON, FL)