USA - US bank Regulators have closed another four banks on Friday 21th October 2011.

This takes the total of failed banks in the USA to 85 for the year.

Last year, 2010 157 Banks failed, exceeding the total for the year before, 2009 when 140 Banks failed and just 25 banks failing in all of 2008, and only three in 2007.

1. On Friday, October 21, 2011, Community Capital Bank, Jonesboro, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, including brokered deposits, have been transferred to State Bank and Trust Company, Macon, GA ("assuming institution") and will be available immediately.  The former Community Capital Bank locations will reopen as branches of State Bank and Trust Company during regular business hours.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $62.0 million.

2. On Friday, October 21, 2011, Old Harbor Bank, Clearwater, FL was closed by the Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, including brokered deposits, have been transferred to 1st United Bank, Boca Raton, FL ("assuming institution") and will be available immediately.  The former Old Harbor Bank locations will reopen as branches of 1st United Bank during regular business hours.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $39.3 million.

3. On Friday, October 21, 2011, Decatur First Bank, Decatur, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, including brokered deposits, have been transferred to Fidelity Bank, Atlanta, GA ("assuming institution") and will be available immediately.  The former Decatur First Bank locations will reopen as branches of Fidelity Bank during regular business hours.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $32.6 million.

4. On Friday, October 21, 2011, the Federal Deposit Insurance Corporation (FDIC) was appointed receiver for Community Banks of Colorado, Greenwood Village, CO by the Board of Governors of the Federal Reserve System.

All deposit accounts, excluding the Cede & Co. deposits, have been transferred to Bank Midwest, National Association (N.A.), Kansas City, MO ("assuming institution") and will be available immediately.  The former Community Banks of Colorado locations will reopen as branches of Bank Midwest, N.A. during regular business hours.

The FDIC estimates that the cost to the Deposit Insurance Fund (DIF) will be $224.9 million.

The FDIC estimates that the total cost to the Deposit Insurance Fund (DIF) of this weeks Bank failures will be $358.8 million.