Regulators close 2 banks in Florida, 1 in Colorado

WASHINGTON (AP) - regulators Friday closed two small banks in Florida and the other in Colorado, bringing the number of the United States Bank failures this year, far behind the pace of last year to 58.The Federal Deposit Insurance Corp. before southshore Community Bank in Apollo Beach, Florida, Bank of landmark Florida Sarasota (Florida) and the Bank of choice in Greeley, community of Colo.Southshore Bank had approximately 46.3 million in assets and 45.3 million in deposits. Landmark Bank had approximately $ 275 million in assets and 246.7 million in deposits. That raises to nine the number of lenders to the collapse of this year in Florida.American momentum bank, based in Tampa, Florida, has agreed to assume all deposits of two banks and purchase essentially all of their property.In Colorado, choice Bank had approximately $ 1.07 billion in assets and 924.9 million in deposits. It is the fifth Bank to fail this year Colorado.Bank Midwest, N.A., based in Kansas City, MO., has agreed to assume all of the deposits of Bank of its choice and purchase approximately 853 million dollars of its assets.The failures are expected to cost of 331.4 million combined deposit insurance fund.Southshore Community Bank had two branches, Bank of Florida landmark had six and Bank of choice was 17. that the pace of bank failures has slowed this year as lenders to find their way in the heap of bad debts. A slow but improving in the US economy also helped the number of victims of the Bank of the stem. On 23 July last year, the regulators had closed 103 banks.Throughout 2010 regulators seized 157 banks, most in one year since the savings and credit crisis two decades ago. The FDIC said probably marked 2010 bank failures of the great Recession.There peak were 140 bank failures in 2009, price of the insurance fund about $ 36 billion. The failures of the year last cost around $ 21 billion, is a price tag low because banks were smaller on average. Twenty-five banks failed in 2008, the year of the financial crisis struck with force. three were only closed in 2007.From 2008 to 2010, bankruptcy Bank cost of Fund 76.8 billion. The deposit insurance fund fell into the red in 2009. With the failures of slowdown, the FDIC deficit narrowed in the first quarter of this year. It amounted to approximately $ 1 billion as money from the March 31.Depositors - insured up to a maximum of $250,000 per account - is not in danger, with the FDIC backed by the Government. This insurance Cap became permanent law financial review adopted last July.