Another Friday night of failures brought down four banks in regions that have been all too familiar with closures.

The four raised the number of failures so far this year to 55 and are expected to cost the Deposit Insurance Fund a combined $129.1 million.

The Georgia Department of Banking and Finance shuttered High Trust Bank in Stockbridge and One Georgia Bank in Atlanta on Friday. The Federal Deposit Insurance Corp. sold the deposits and assets of the two banks to the $2.9 billion-asset Ameris Bank in Moultrie, Ga.

The failure of the $192.5 million-asset High Trust is expected to cost the Deposit Insurance Fund $66 million, while the $186.3 million-asset One Georgia is expected to cost $44.4 million.

Ameris, which has bought six other failed Georgia banks since 2009, tethered its asset purchases with loss-sharing agreements on $164.8 million of High Trust's assets and $146.3 million of One Georgia's assets. High Trust had $189.5 million in deposits and One Georgia had $162.1 million in deposits.

To the south, the Florida Office of Financial Regulation closed the $228.3 million-asset First Peoples Bank in Port St. Lucie. Premier American Bank in Miami, one of the most aggressive buyers of failed banks in the Sunshine state, agreed to buy essentially all of First Peoples' assets without a loss-share agreement while assuming the bank's $209.7 million in deposits. First Peoples' failure is expected to cost $7.4 million.

The $3.1 billion-asset Premier American is backed by Bond Street Holding LLC, an investor blind pool that bought Premier American from the FDIC in January 2010. The First Peoples' transaction is the company's eighth FDIC-assisted deal. In May, the company filed papers with the Securities and Exchange Commission to go public; it hopes to raise $150 million in equity to acquire more banks.

The final failure of the night was the $72 million-asset Summit Bank in Prescott, Ariz., which was closed by the Arizona Department of Financial Institutions. The FDIC sold that bank's assets to The Foothills Bank in Yuma, Ariz., which also agreed to pay a 0.25% premium to assume the bank's $66.4 million in deposits.

Summit's failure is expected to cost the Deposit Insurance Fund $11.3 million.

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