WASHINGTON (AP)  Regulators on Friday shut down a small Florida bank, bringing to 119 the number of bank failures this year.

The Federal Deposit Insurance Corporation took over Horizon Bank, based in Bradenton, Fla., with $187.8 million in assets and $164.6 million in deposits. Bank of the Ozarks, based in Little Rock, Ark., agreed to assume the assets and deposits of the failed bank.

In addition, the F.D.I.C. and the Bank of the Ozarks agreed to share losses on $150.4 million of Horizon Bank’s loans and other assets.

The failure of Horizon Bank is expected to cost the deposit insurance fund $58.9 million. It was the 23rd bank in Florida to fail this year.