HALIFAX NATIONAL BANK OF PORT ORANGE Failed 1985

What happened

HALIFAX NATIONAL BANK OF PORT ORANGE of PORT ORANGE, FL was closed on 1985-03-01. The FDIC was named receiver.

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

Deposits were transferred to BARNETT BANK OF VOLUSIA (DE LAND, FL). Customers became depositors of the acquiring bank automatically.

Key facts

FDIC ID

965

FDIC Certificate

19064

FDIC FIN

2446

Bank name

HALIFAX NATIONAL BANK OF PORT ORANGE

Location

PORT ORANGE, FL

Failure date

1985-03-01

FDIC resolution date

1985-03-01

Charter type

National commercial bank (OCC-chartered)

Resolution type

Purchase & Assumption — acquiring bank assumed deposits + bought assets

FDIC DIF cost (est.)

$2M

Deposits at failure

$36M

Assets at failure

$39M

Acquiring bank

BARNETT BANK OF VOLUSIA (DE LAND, FL)