Fla. Bank Closed2010 Tally of Failed Institutions: 134
The latest closing:
Horizon Bank, Bradenton, Florida, was closed by the Florida Office of Financial Regulation, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.
Bank of the Ozarks, Little Rock, Arkansas will assume the deposits of the failed bank. The failed bank had $187.8 million in deposits, and its four branches will reopen as branches of Bank of the Ozarks.
The FDIC estimates that the cost to the Deposit Insurance Fund will be $58.9 million.