Federal Regulators have seized control of four banks on Friday. The banks that closed are in Florida, Illinois, Maryland and Utah. The number of banks closed since January 1, 2010 is 26.
Sun American Bank, Bank based in Boca Raton, closed with $535.7 million in assets and $443.5 million in Deposit. The bank sold by regulators to Raleigh, NC First Citizens Trust and Bank .
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