Regulators close banks in Fla., Ga., NM

WASHINGTON - Regulators have shut down banks in Florida, Georgia and New Mexico, lifting to 86 the number of U.S. bank failures this year.

The Federal Deposit Insurance Corp. on Friday took over Peninsula Bank, based in Englewood, Fla., with $644.3 million in assets and $580.1 million in deposits.

The agency also seized First National Bank in Savannah, Ga., with $252.5 million in assets and $231.9 million in deposits, and High Desert State Bank, based in Albuquerque, N.M., with $80.3 million in assets and $81 million in deposits.

http://accesswdun.com/article/2010/6/214085