CHARLOTTE, N.C. — Regulators on Friday shuttered banks in Florida, Illinois, Maryland and Utah, boosting to 26 the number of bank failures in the U.S. so far this year following the 140 brought down in 2009 by mounting loan defaults and the recession.
The Federal Deposit Insurance Corp. took over Sun American Bank, based in Boca Raton, Fla., with $535.7 million in assets and $443.5 million in deposits. Also seized were Bank of Illinois of Normal, Ill., with $211.7 million in assets and $198.5 million in deposits; Waterfield Bank in Germantown, Md., with $155.6 million in assets and $156.4 million in deposits; and Centennial Bank in Ogden, Utah, with $215.2 million in assets and $205.1 million in deposits.
Read more: Banks Closed, Normal, Sun American, Fdic, Community Banks, Fdic Seizures, Ogden, Waterfield, Germantown, Utah, 2010, Centennial Bank, Boca Raton, Failed Banks, Bank of Illinois, Banks, Illinois, Florida, Wall Street, Maryland, Business News
