WASHINGTON – The FDIC on Friday closed four more banks, bringing the number of failures to 28 so far this year.
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There have been ten credit union failures so far in 2012.
Friday’s bank failures were: $535 million Waccamaw Bank in Whiteville, N.C.; $43 million Farmers and Traders State Bank in Shabbona, Ill.; $54 million Carolina Federal Savings Bank in Charleston, S.C.; and $46 million First Capital Bank in Kingfisher, Okla.
Regulators estimate that the four bank failures will cost the FDIC insurance fund $80.8 million.
The FDIC lined up other lenders to assume the deposits and some of the assets of each bank.
