The Office of the Comptroller of the Currency closed Ocala National Bank on Friday, a press release said. The Federal Deposit Insurance Corporation was named receiver of the Ocala, Fla.-based bank.

CenterState Bank of Florida acquired $205 million of Ocala's deposits for a 1.7 percent premium. Another $17 million in brokered deposits were not part of the deal. CenterState also acquired $24 million of Ocala's $224 million in assets as of Dec. 31. Ocala held $107 million in residential loans as of Sept. 30, while construction and land development loan holdings were $72 million.

The FDIC expects to lose $100 million from the failure of the 48-employee institution.

Also on Friday, the Office of Thrift Supervision shut down Suburban Federal Savings Bank in Crofton Md. Bank of Essex agreed to acquire Suburban's $302 million in deposits as of Sept. 30, 2008.

Bank of Essex also agreed to purchased $348 million of Suburban's $360 million in assets at a $45 million discount. Suburban's residential loan holdings were $225 million on Sept. 30, 2008, while construction and land development loans owned were $72 million. FDIC, which was named receiver, projects a $126 million hit to the Deposit Insurance Fund from the failure of the 60-employee company.

OTS explained in its own statement that the 53-year-old firm launched an aggressive lending program in 2005 that led to an increase in problem assets during 2007 and a string of quarterly losses beginning in late 2007. A February 2007 examination resulted in an OTS troubled-condition letter, while a cease-and-desist order was triggered by an August 2007 field visit.

A third bank, MagnetBank, was closed by the Utah Department of Financial Institutions on Friday, an FDIC press release said. A buyer could not be found for MagnetBank's banking operations and $283 million in deposits, so the FDIC has approved insured deposit payouts for depositors of the Salt Lake City-based bank.

The 21-employee institution had assets of $293 million in assets as of Dec. 2, while construction and land development loans were $213 million as of Sept. 30, 2008, and commercial mortgage holdings were $21 million.

In all, six federally insured banks have failed so far this year.

Another federally insured bank, First Federal Bank of California, has posted a notice on its Web site that it has halted the origination of residential loans, home-equity lines-of-credit and commercial loans. Just last week, parent FirstFed Financial Corp. disclosed that OTS has issued cease-and-desist orders against the Los Angeles-based institution.

In last week's disclosure, FirstFed said 62 primarily mortgage employees would be laid off.