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Federal Deposit
Insurance Corporation

Each depositor insured to at least $250,000 per insured bank

Failed Bank Information for Vantage Point Bank, Horsham, PA

On Friday, February 28, 2014, Vantage Point Bank was closed by the Pennsylvania Department of Banking and Securities. The FDIC was named Receiver. First Choice Bank, Mercerville, NJ acquired all deposit accounts.

The FDIC as Receiver for Vantage Point Bank, Horsham, PA has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on August 16, 2017 and has made all dividend distributions required by law.

Effective December 1, 2017, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.

Receivership Status

TERMINATED

Notice of Termination

Effective Date: December 1, 2017


Notice of Intent to Terminate

Publication Date: August 16, 2017

Dividend Information

Report on dividends paid


Press Release

Official press release

cautionBeware 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.

caution

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: FIRST CHOICE BANK

About First Choice Bank

All deposit accounts, including brokered deposits, were transferred to First Choice Bank, Mercerville, NJ ("assuming institution"). Former Vantage Point Bank locations reopened as branches of First Choice Bank.

Your transferred deposits were separately insured from any accounts you may have already had at First Choice Bank for at least six months after the failure of Vantage Point Bank.

You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with First Choice Bank as long as the deposits are not pledged as collateral for loans.

On December 3, 2016, First Choice Bank merged with Berkshire Bank.

Contacting Berkshire Bank

You can contact Berkshire Bank:

Berkshire Bank
24 North Street
Pittsfield,MA 01201

Berkshire Bank (www.berkshirebank.com/)

Transaction Documentation

Purchase & Assumption Agreement - PDF (14.7 Mb)
Agreement between FDIC and acquiring institution

Bid Summary
Report on the bids to purchase the failed bank

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