SAN FRANCISCO - The California banking superintendent closed two banks on Friday, bringing failures in the nation this year to 22, with a combined $2.7 billion in assets.

Ten of the failures occurred in California.

Last week's closings were the minority-owned American Bank and Trust Co. of San Jose, with $36 million in assets, and Capital Bank of California, Los Angeles, with $229 million in assets.

The Federal Deposit Insurance Corp. began paying off Capital's $197 million in insured deposits. The 400 uninsured accounts were to receive 66% of claims. American's $32 million in deposits were assumed by Bank of Santa Clara, which is not minority owned.

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