USA - Regulators have closed Five more banks in the USA on Friday 29^th January 2010.

This takes the total of failed banks in the USA to 15 for the year.

Last year, 2009 140 Banks failed compaired to just 25 banks failing in all of 2008, and only three in 2007.

1. On Friday, January 29, 2010, American Marine Bank, Bainbridge Island, WA was closed by the Washington Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, excluding certain brokered deposits, have been transferred to Columbia State Bank, Tacoma, WA ("assuming institution") and will be available immediately.  On Saturday, January 30, 2010, the former American Marine Bank locations will reopen as branches of Columbia State Bank

2. On Friday, January 29, 2010, First Regional Bank, Los Angeles, CA was closed by the California Department of Financial Institutions, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, excluding certain brokered deposits, have been transferred to First-Citizens Bank & Trust Company, Raleigh, NC ("assuming institution") and will be available immediately.  On Monday, February 1, 2010, the former First Regional Bank locations will reopen as branches of First-Citizens Bank & Trust Company.

3. On Friday, January 29, 2010, Community Bank & Trust, Cornelia, GA was closed by the Georgia Department of Banking and Finance, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, excluding certain brokered deposits, have been transferred to SCBT National Association, Orangeburg, SC ("assuming institution") and will be available immediately.  The former Community Bank & Trust locations will reopen as branches of SCBT National Association during their regular business hours.  

4. On Friday, January 29, 2010, Marshall Bank, National Association, Hallock, MN was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts have been transferred to United Valley Bank, Cavalier, ND ("assuming institution") and will be available immediately.  On Monday, February 1, 2010, the former Marshall Bank, N.A. locations will reopen as branches of United Valley Bank.  

5. On Friday, January 29, 2010, Florida Community Bank, Immokalee, FL was closed by the State of Florida Office of Financial Regulation, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, excluding certain brokered deposits, have been transferred to Premier American Bank, National Association (N.A.), Miami, FL ("assuming institution") and will be available immediately.  On Saturday, January 30, 2010, the former Florida Community Bank locations will reopen as branches of Premier American Bank N.A.

6. On Friday, January 29, 2010, First National Bank of Georgia, Carrollton, GA was closed by the Office of the Comptroller of the Currency, and the Federal Deposit Insurance Corporation (FDIC) was named Receiver.

All deposit accounts, excluding certain brokered deposits, have been transferred to Community and Southern Bank, Carrollton, GA ("assuming institution") and will be available immediately.  On Saturday, January 30, 2010, the former First National Bank of Georgia locations will reopen as branches of Community and Southern Bank.