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Regulators shut down five banks in Florida, New Jersey, Ohio, Oklahoma and Illinois.

The closures boost to 69 the number of federally insured banks to fail this year.

August 01, 2009|Associated Press

Regulators on Friday shut down five banks in Florida, New Jersey, Ohio, Oklahoma and Illinois, boosting to 69 the number of federally insured banks to fail this year.

Those affected are Integrity Bank of Jupiter, Fla. ($119 million in assets, $102 million in deposits); First BankAmericano of Elizabeth, N.J. ($166 million in assets, $157 million in deposits); Peoples Community Bank, West Chester, Ohio ($705.8 million in assets, $598.2 million in deposits); First State Bank of Altus, in Altus, Okla. ($103.4 million in assets, $98.2 million in deposits) and Mutual Bank of Harvey, Ill. ($1.6 billion in assets, $1.6 billion in deposits).

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