VANTAGE POINT BANK Failed 2014

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

What happened

VANTAGE POINT BANK of HORSHAM, PA was closed on 2014-02-28. The FDIC was named receiver.

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

Deposits were transferred to FIRST CHOICE BANK (MERCERVILLE, NJ). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID
4062
FDIC Certificate
58531
FDIC FIN
10496
Bank name
VANTAGE POINT BANK
Location
HORSHAM, PA
Failure date
2014-02-28
FDIC resolution date
2014-02-28
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.)
$9M
Deposits at failure
$62M
Assets at failure
$63M
Acquiring bank
FIRST CHOICE BANK (MERCERVILLE, NJ)