WASHINGTON — Florida suffered yet another failure Friday as regulators closed $148 million-asset Haven Trust Bank in Ponte Vedra Beach.
The failure brought this year's total in Florida to 24 — more than any other state — and the industry's toll in 2010 to 126.
The Federal Deposit Insurance Corp. estimated the failure will cost nearly $32 million. First Southern Bank in Boca Raton agreed to assume all of Haven Trust's $133.6 million in deposits and purchase virtually all of its assets. First Southern and the FDIC will share losses on about $127 million of those assets.
Haven Trust was founded in 2006.
