The failure of Sun American Bank is expected to cost the federal deposit insurance fund $103.8 million. The cost of resolving Bank of Illinois is estimated at $53.7 million; that of Waterfield Bank is $51 million; and Centennial Bank is $96.3 million.The pace of bank seizures this year is likely to accelerate in coming months, FDIC officials have said.
Banks Shuttered In Fla., Ill., Md., Utah
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