Data / Bank failures / 2011 / Old Harbor Bank
Old Harbor Bank, Clearwater, FL: failed October 21, 2011
Old Harbor Bank in Clearwater, Florida, failed on October 21, 2011. 1ST United Bank of Boca Raton, FL, took over its deposits. It held $209 million in assets and $212.2 million in deposits at its last report. The FDIC estimates the cost to its insurance fund at $26.3 million (12.6% of its assets). By assets it was the 43rd largest of 92 banks closed or assisted in 2011.
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The FDIC's record
- Closed
- October 21, 2011
- Type
- Failure
- How it was resolved
- Purchase and assumption: another bank took over the deposits
- Acquirer
- 1ST United Bank, Boca Raton, FL
- Total assets
- $209,048,000
- Total deposits
- $212,184,000
- Estimated cost to the FDIC
- $26,298,848 (estimate as of July 31, 2026)
- Charter
- State nonmember bank (FDIC)
- Insurance fund
- DIF
- FDIC certificate
- 57537
Other bank failures in Florida, 2009 to 2013
| Bank | City | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|
| Bank of Jackson County | Graceville | October 30, 2013 | $24.7 million | $24.6 million | $5.8 million | First Federal Bank of Florida |
| First Community Bank of Southwest Florida | Fort Myers | August 2, 2013 | $247.3 million | $243.6 million | $24.9 million | C1 Bank |
| Chipola Community Bank | Marianna | April 19, 2013 | $37.5 million | $37.1 million | $7.9 million | First Federal Bank of Florida |
| Heritage Bank of North Florida | Orange Park | April 19, 2013 | $104 million | $106.3 million | $25.2 million | Firstatlantic Bank |
| Heritage Bank of Florida | Lutz | November 2, 2012 | $225.5 million | $223.3 million | $73.8 million | Centennial Bank |
| Gulfsouth Private Bank | Destin | October 19, 2012 | $139.4 million | $131.6 million | $40.3 million | Smartbank |
| First East Side Savings Bank | Tamarac | October 19, 2012 | $65.7 million | $64.9 million | $12.4 million | Stearns Bank National Association |
| The Royal Palm Bank of Florida | Naples | July 20, 2012 | $78.8 million | $78.9 million | $16.8 million | First National Bank of the Gulf Coast |
Other failed banks 1ST United Bank took over
| Bank | City | State | Closed | Assets | Deposits | Estimated cost | Acquirer |
|---|---|---|---|---|---|---|---|
| The Bank of Miami | Coral Gables | FL | December 17, 2010 | $448.2 million | $374.2 million | $29 million | 1ST United Bank |
| Republic Federal Bank, N.A. | Miami | FL | December 11, 2009 | $433 million | $352.7 million | $78 million | 1ST United Bank |
| Bank of South Palm Beaches | Hypoluxo | FL | August 9, 1991 | $61.3 million | $63.5 million | $31 million | 1ST United Bank |
| First Marine Bank of Florida | Palm City | FL | March 8, 1991 | $17.2 million | $16.8 million | $3.6 million | 1ST United Bank |
All bank failures in 2011 · All bank failures in Florida · Every failed bank 1ST United Bank took over · The full failed bank list
Read from the FDIC's failures data (BankFind), last updated 2026-10-23. Assets and deposits are as of the last report before failure; the estimated cost is the FDIC's latest estimate of the loss to its insurance fund and changes as the receivership winds down. Free to reuse with credit to SpecStream under CC BY 4.0.