Failed Bank Information for Old Harbor Bank, Clearwater, FL
On Friday, October 21, 2011, Old Harbor Bank was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. 1st United Bank, Boca Raton, FL acquired all deposit accounts.
The FDIC as Receiver for Old Harbor Bank, Clearwater, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on June 8th, 2020 and has made all dividend distributions required by law.
Effective September 1st, 2020, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status
TERMINATED
Effective Date: September 1st, 2020
Publication Date: June 8th, 2020
Beware of scams!
Please be advised you will not receive any email notification to claim, unlock or suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
Beware of scams!
Please be advised you will not receive any email notification to claim/unlock/suspend your account or to provide any private information. Please be aware of any phishing scams to obtain information from you.
ACQUIRING INSTITUTION: 1ST UNITED BANK
About 1st United Bank
All deposit accounts, including brokered deposits, were transferred to 1st United Bank, Boca Raton, FL ("assuming institution"). Former Old Harbor Bank locations reopened as branches of 1st United Bank.
Your transferred deposits were separately insured from any accounts you may have already had at 1st United Bank for at least six months after the failure of Old Harbor Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with 1st United Bank as long as the deposits are not pledged as collateral for loans.
On November 1, 2014, 1st United Bank merged with Valley National Bank
You can contact Valley National Bank:
Valley National Bank
615 Main Avenue
Passaic, New Jersey 07055
Valley National Bank (www.valley.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (10.4 Mb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank