On Friday, November 13, 2009, Orion Bank was closed by the Florida Office of Financial Regulation. The FDIC was named Receiver. IBERIABANK, Lafayette, LA acquired all deposit accounts.
The FDIC as Receiver for Orion Bank, Naples, FL has taken all actions necessary to terminate the Receivership Estate. The Receiver published a legal notice of intent to terminate the receivership on September 20, 2021 and has made all dividend distributions required by law.
Effective June 1, 2022, the Receiver was discharged and the Receivership Estate was terminated and ceased existence as a legal entity.
Receivership Status: TERMINATED
Notice of Termination
Notice of Intent to Terminate
Dividend Information
Press Release
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ACQUIRING INSTITUTION: IBERIABANK
About IBERIABANK
All deposit accounts, excluding certain brokered deposits, were transferred to IBERIABANK, Lafayette, LA ("assuming institution"). Former locations reopened as branches of IBERIABANK.
Your transferred deposits were separately insured from any accounts you may have already had at IBERIABANK for at least six months after the failure of Orion Bank.
You may withdraw your funds from any transferred account without an early withdrawal penalty until you enter into a new deposit agreement with IBERIABANK as long as the deposits are not pledged as collateral for loans.
Contacting IBERIABANK
On July 2, 2020 IBERIABANK merged with First Horizon Bank
You can contact First Horizon Bank:
First Horizon Bank
165 Madison Ave
Memphis, TN 38103
First Horizon Bank (www.firsthorizon.com)
Transaction Documentation
Purchase & Assumption Agreement - PDF (603 kb)
Agreement between FDIC and acquiring institution
Bid Summary
Report on the bids to purchase the failed bank