The Graveyard › Banks › 2010
Horizon Bank
Bradenton, FL · failed September 10, 2010 · FDIC certificate 35061
Horizon Bank of Bradenton, FL failed on September 10, 2010. It opened on October 25, 1999, 10 years before. At its last report before that it held $187.8 million in assets and $164.6 million in deposits. At its largest in the FDIC's quarterly reports, on March 31, 2009, it held $221.9 million. The FDIC estimates that the Deposit Insurance Fund lost $61.3 million on it.
1999-122010-06
Assets at the end$187.8 millionlast report before September 10, 2010
Deposits at the end$164.6 million
Estimated loss to the fund$61.3 millionDIF
Largest in the quarterly reports$221.9 millionMarch 31, 2009
Equity to assets2.7%June 30, 2010
Loans not being repaid10.0%noncurrent, June 30, 2010
Return on assets-1.79%a year's rate, June 30, 2010
Staff40full time, June 30, 2010
Also ended in 2010
- Westernbank Puerto Rico · Mayaguez, PR · $10.8 billion in assets
- R-G Premier Bank of Puerto Rico · Hato Rey, PR · $5.7 billion in assets
- La Jolla Bank, FSB · La Jolla, CA · $3.6 billion in assets
- Riverside National Bank of Florida · Fort Pierce, FL · $3.4 billion in assets
- Frontier Bank · Everett, WA · $3.3 billion in assets
- Midwest Bank and Trust Company · Elmwood Park, IL · $3.2 billion in assets
History, not advice.
Source: Federal Deposit Insurance Corporation, BankFind Suite API. Source values and institutional identifiers are retained; formatting and normalization by Underfolio. No FDIC endorsement is implied. How these numbers are made · Report a data issue.