WASHINGTON – Regulators seized six more banks Friday, including $12 billion AmTrust Bank in Cleveland, making a total of 130 bank failures in 2009.
The FDIC said regulators on Friday closed three banks in Georgia, bringing the number of bank failures in that state this year to 24, and one each in Illinois, Ohio and Virginia, that state’s first failure since 1993.
The biggest bank to close on Friday was AmTrust Bank, which had assets of $12 billion and deposits of $8 billion. The New York Community Bank of Westbury, N.Y., assumed its deposits.
The other five banks had assets of less than $1 billion. They are Benchmark Bank of Illinois, Greater Atlantic Bank of Virginia and the three banks in Georgia – Tattnall Bank, Buckhead Community Bank, and First Security National Bank.
The six failures are expected to cost the FDIC's insurance fund a total of more than $2.3 billion.
