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Archive Home > 2009 > May > 22 > Florida bank fails, will cost FDIC $4.9B

Florida bank fails, will cost FDIC $4.9B


May 22, 2009

WASHINGTON — The federal seizure of struggling Florida thrift BankUnited FSB is expected to cost the Federal Deposit Insurance Corp. $4.9 billion, representing the second-largest hit to the FDIC’s insurance fund since the financial crisis began felling banks last year.

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