Friday, December 14, 2012

Bank Failure #51: Community Bank of the Ozarks, Sunrise Beach, Missouri

by Bill McBride on 12/14/2012 07:16:00 PM

From the FDIC: Bank of Sullivan, Sullivan, Missouri, Assumes All of the Deposits of Community Bank of the Ozarks, Sunrise Beach, Missouri

As of September 30, 2012, Community Bank of the Ozarks had approximately $42.8 million in total assets and $41.9 million in total deposits. ... The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.4 million. ... Community Bank of the Ozarks is the 51st FDIC-insured institution to fail in the nation this year, and the fourth in Missouri.
Another one bites the dust.

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