WASHINGTON, March 6 (UPI) -- Regulators say they shut down banks in Florida, Maryland, Illinois and Utah, raising to 26 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. said Friday Sun American Bank, based in Boca Raton, Fla., Bank of Illinois of Normal, Ill., Waterfield Bank in Germantown, Md., and Centennial Bank in Ogden, Utah, had a total of $1.1 billion in assets and $1 billion in deposits.