If you reviewed some of the terms of CenterState Banks Inc.'s latest acquisition deal without knowing the seller's identity, you might well guess it's the Federal Deposit Insurance Corp.

In fact CenterState, of Davenport, Fla., is buying Federal Trust Corp. of Sanford, Fla., from a life insurer, Hartford Financial Services Group Inc. But the hallmarks of FDIC-assisted takeovers of failed banks are there: a bidding process, assets sold at a steep discount, protection for the buyer against future problems, even additional capital for CenterState.

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