August 1, 2008 - 6:46 p.m.

NEW YORK (AP) - The Federal Deposit Insurance Corp. says it has taken control of the First Priority Bank of Bradenton, Fla.

First Priority is the eighth U.S. bank to disappoint this year in the aftermath of the mortgage crisis.

Last month, California mortgage lender IndyMac Bancorp Inc. became the largest regulated thrift to fail in U.S. history. IndyMac's holding guests filed for Chapter 7 bankruptcy security on Thursday.