WASHINGTON — Four banks and thrifts totaling $2.3 billion in assets failed Friday on another busy — and expensive — night for the Federal Deposit Insurance Corp.

The failures — estimated to cost the FDIC roughly $700 million — were $1.5 billion-asset First Bank of Beverly Hills in Calabasas Calif.; $489 million-asset First Bank of Idaho FSB in Ketchum; $185 million-asset Michigan Heritage Bank in Farmington Hills; and $112 million-asset American Southern Bank in Kennesaw, Ga.

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