Four U.S. Banks Shut Down as Failure Count This Year Reaches 26 - Bloomberg.com

Four U.S. Banks Shut Down as Failure Count This Year Reaches 26 - Bloomberg.com: "Four U.S. Banks Shut Down as Failure Count This Year Reaches 26"

Regulators shut banks in Maryland, Illinois, Florida and Utah, pushing the number of U.S. failures to 26 this year and placing more pressure on the Federal Deposit Insurance Corp. to dispose of a growing pile of toxic assets.

The FDIC was unable to find buyers for two banks -- Centennial Bank in Ogden, Utah, and Waterfield Bank of Germantown, Maryland -- according to statements posted on the agency’s Web site. In the largest of yesterday’s failures by assets, Boca Raton, Florida-based Sun American Bank was purchased by First-Citizens Bank & Trust Co.