The Office of Thrift Supervision closed a thrift in Florida recently-the first time since Aug. 9, 1996, that an institution insured by the Savings Association Insurance Fund has failed.

The Federal Deposit Insurance Corp. Friday approved the assumption of all deposits of Oceanmark Bank-a federal savings bank in North Miami Beach- by Third Federal and Loan Associates of Florida, a subsidiary of TFS Financial Inc., Wilmington, Del.

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