We have been advised that on Friday, April 19, 2013, Heritage Bank of North Florida, Orange Park, Florida, was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver. To protect the depositors, the FDIC entered into a purchase and assumption agreement with FirstAtlantic Bank, Jacksonville, Florida, to assume all of the deposits of Heritage Bank of North Florida.
For more information about FirstAtlantic Bank, visit their web site at www.bankfirstatlantic.com. If you have any questions about the change-over, you can call the FDIC toll-free at 800-357-7599, or visit the FDIC's web site at http://www.fdic.gov/bank/individual/failed/heritagebank-fl.html.
This ALERT has been published for the sole purpose of meeting the company's predetermined underwriting criteria, and should in no way be construed as the opinion of The Fund as to the financial stability or impropriety of the parties or entities named in this ALERT.
** This Alert should be kept as a permanent part of your records to assist in your compliance with the requirements contained herein. **
Please provide a copy of this Alert to your staff so they can read it and become aware of its contents.
Should you have any questions please call The Fund's Underwriting Department at
800-432-9594 or send an E-mail to: underwriting@thefund.com.