May 1 (Reuters) - Bank regulators closed America West Bank [AMWES.UL] of Layton, Utah on Friday, the 32nd U.S. bank to fail this year as the struggling economy and falling home prices take their toll on financial institutions.
The Federal Deposit Insurance Corp said America West Bank had $299.4 million in assets and $284.1 million in deposits. The failure is expected to cost the FDIC an estimated $119.4 million.
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