Sunrise S&L; was taken over by the FSLIC.

The Boynton Beach, Fla.-based thrift, which lost $22 million in June, was taken over by the Federal Savings and Loan Insurance Corp. at about 4 p.m. Thursday, according to Florida’s comptroller, Gerald Lewis. He stressed that the transaction took place without shutting down the institution and that there were no plans to do so. Sunrise’s June losses were attributed primarily to poor lending practices including large loans for acquisitions, construction and development projects, Lewis said.