Community Bank of the Ozarks of Sunrise Beach, Missouri has been closed by banking regulators,...

|By:, SA News Editor

Community Bank of the Ozarks of Sunrise Beach, Missouri has been closed by banking regulators, making it the 51st U.S. bank failure of 2012. Bank of Sullivan of Sullivan, Missouri, will assume all of the bank's $42M in deposits and essentially purchase its $43M in assets. The cost to the FDIC deposit-insurance fund: $10.4M.