Sixth-Ranked is the First to Fail

Sixth-ranked, Community Bank of the Ozarks of Sunrise Beach, Missouri is the first bank of our newest listing to be seized by regulators. The Bank of Sullivan (2416th) in the town of Sullivan, Missouri, has agreed to assume all of the $41.9 million in total deposits of Community Bank of the Ozarks. In addition, Community Bank of the Ozarks had approximately and  deposits. In addition, the FDIC and Bank of Sullivan entered into a loss-share transaction on $37.3 million of the $42.8 million in total assets purchased from the former Community Bank of the Ozarks. The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $10.4 million.