A HERALD-TRIBUNE INVESTIGATION
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STORIES
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VIEW BANK DATA:
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AmericanFirst Bank
Bank of Bonifay
Bank of Florida Southeast
Bank of Florida Southwest
Bank of Florida Tampa Bay
BankUnited
Bayside Savings Bank
Central Florida State Bank
Century Bank
Chipola Community Bank
Coastal Bank
Coastal Community Bank
Commerce Bank of Southwest Florida
Community National Bank at Bartow
Community National Bank of Sarasota County
Cortez Community Bank
First Bank of Jacksonville
First Commercial Bank of Florida
First Commercial Bank of Tampa Bay
First East Side Savings Bank
First Federal Bank of North Florida
First Guaranty Bank & Trust
First National Bank of Central Florida
First National Bank of Florida
First Peoples Bank
First Priority Bank
First State Bank
Flagship National Bank
Florida Community Bank
Freedom Bank
Gulf State Community Bank
GulfSouth Private Bank
Haven Trust Bank
Heritage Bank of Florida
Heritage Bank of North Florida
Hillcrest Bank
Horizon Bank
Independent National Bank
Integrity Bank
Key West Bank
LandMark Bank
Lydian Private Bank
Marco Community Bank
Metro Bank of Dade
Ocala National Bank
Old Harbor Bank
Old Southern Bank
Olde Cypress Community Bank
Orion Bank
Partners Bank
Peninsula Bank
Peoples First Community Bank
Premier American Bank
Premier Community Bank of the Emerald Coast
Progress Bank of Florida
Putnam State Bank
Republic Federal Bank
Riverside Bank of the Gulf Coast
Riverside National Bank of Florida
Security Bank
Southshore Community Bank
Sterling Bank
Sun American Bank
Sunshine State Community Bank
The Bank of Miami
The Royal Palm Bank of Florida
Turnberry Bank
Wakulla Bank
BREAKING
THE BANKS
Heritage Bank of North Florida
Defaults: This data is from judgements and foreclosure filings and was collected through county clerk’s offices. It includes every judgement for more than $1 million or the five largest at each bank.
2002
2003
2004
2005
2006
2007
2008
2009
2010
2011
2012
Heritage Bank of North Florida
SPAN
May 1986-April 2013
HEADQUARTERS
Orange Park
REGULATORS
OFR/FDIC
TOTAL ASSETS AT FAILURE
$111 million
COST TO FDIC
$30 million
DIRECTORS
Robert J. Head Jr.
Randolph L. Knepper
Marvin E. Wilhite
Deborah Pass Durham
Winfield A. Gartner
Heritage Bank of North Florida failed just three months ago, and regulatory documents from the Office of Financial Regulation are not yet available.
The FDIC has not published an analysis of Heritage's downfall.
The bank rapidly grew its loan portfolio from $40 million to $130 million from March 2003 to March 2006. Loans started going bad at about the same time, though, chipping away at capital reserves.
Heritage chief executive Randy Knepper acted proactively by arranging a merger with The Jacksonville Bank, a better-capitalized institution, in January 2008. But the deal fell through six months later.
"Due to the challenges of the current economy and issues facing the financial industry, both banks believed that remaining separate was in our best interests at this time," Knepper said in a statement at the time.
FLORIDA COMMUNITY BANKS
Click to explore bank profiles, loans, officers, capital and defaults.
AmericanFirst Bank
Bank of Bonifay
Bank of Florida Southeast
Bank of Florida Southwest
Bank of Florida Tampa Bay
BankUnited
Bayside Savings Bank
Central Florida State Bank
Century Bank
Chipola Community Bank
Coastal Bank
Coastal Community Bank
Commerce Bank of Southwest Florida
Community National Bank at Bartow
Community National Bank of Sarasota County
Cortez Community Bank
First Bank of Jacksonville
First Commercial Bank of Florida
First Commercial Bank of Tampa Bay
First East Side Savings Bank
First Federal Bank of North Florida
First Guaranty Bank & Trust
First National Bank of Central Florida
First National Bank of Florida
First Peoples Bank
First Priority Bank
First State Bank
Flagship National Bank
Florida Community Bank
Freedom Bank
Gulf State Community Bank
GulfSouth Private Bank
Haven Trust Bank
Heritage Bank of Florida
Heritage Bank of North Florida
Hillcrest Bank
Horizon Bank
Independent National Bank
Integrity Bank
Key West Bank
LandMark Bank
Lydian Private Bank
Marco Community Bank
Metro Bank of Dade
Ocala National Bank
Old Harbor Bank
Old Southern Bank
Olde Cypress Community Bank
Orion Bank
Partners Bank
Peninsula Bank
Peoples First Community Bank
Premier American Bank
Premier Community Bank of the Emerald Coast
Progress Bank of Florida
Putnam State Bank
Republic Federal Bank
Riverside Bank of the Gulf Coast
Riverside National Bank of Florida
Security Bank
Southshore Community Bank
Sterling Bank
Sun American Bank
Sunshine State Community Bank
The Bank of Miami
The Royal Palm Bank of Florida
Turnberry Bank
Wakulla Bank