2. Community Bank of Nevada
3. Union Bank NA, of Phoenix, AZ
Union Bank NA of Gilbert, AZ
4. Community Bank of Arizona
5. Dwelling House Savings and Loan Association, PA
WSJ:
Friday's five failures put at 102 the number of U.S. institutions that have been seized by regulators since the beginning of 2008 as the credit and broader economic problems continue to reverberate through the financial system. The failures put further pressure on the FDIC's deposit insurance fund, which stood at just $13 billion as of the end of March. The agency expects to offset some of the losses by collecting a one-time fee of $5.6 billion from the banking industry in September, and also from a $25 billion reserve fund announced earlier this year to help account for expected failures. The seizures Friday evening came hours after regulators moved to seize Colonial Bancgroup Inc.'s Colonial Bank in the sixth-largest bank failure in U.S. history.
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