Horizon Bank becomes year’s 119th bank failure – MarketWatch

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SAN FRANCISCO (MarketWatch) — Horizon Bank of Bradenton, Fla., became the 119th U.S. bank failure of 2010, according to the Federal Deposit Insurance Corp. on Friday. Bank of the Ozarks (OZRK 36.61, -0.36, -0.97%) will assume Horizon’s $164.6 million in deposits and purchase its $187.8 million in assets. The bank failure marks the 23rd in Florida this year. The cost to the Deposit Insurance Fund is $58.9 million, FDIC said.

via Horizon Bank becomes year’s 119th bank failure – MarketWatch.

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