WASHINGTON — Three more closures of community banks late Friday brought the year's failure total to 20.

Regulators closed $670 million-asset Teambank in Paola, Kan.; $123 million-asset Colorado National Bank in Colorado Springs; and $297 million-asset FirstCity Bank in Stockbridge, Ga.

The Colorado and Kansas banks — both closed by the Office of the Comptroller of the Currency — were owned by the same holding company: Team Financial Inc. Employees' Stock Ownership Plan. The Federal Deposit Insurance Corp. completed two separate transactions, which both included loss-sharing agreements, to resolve them.

The FDIC sold virtually all of Teambank's operations to Great Southern Bank in Springfield, Mo. The buyer took the failed bank's $474 million in nonbrokered deposits; the FDIC agreed to pay $18.8 million directly to brokers.

Great Southern also acquired 98% of Teambank's assets at a $100 million discount, with the FDIC agreeing to cover 80% of losses on a roughly $450 million pool of loans. The buyer paid a 1% deposit premium.

Meanwhile, Herring Bank in Amarillo, Tex., agreed to assume all of Colorado National's $82.7 million of deposits, and buy 95% of its assets at a $3.2 million discount. It also paid a 1% premium. Under a loss-sharing deal, the FDIC will cover 80% of losses on $62 million in assets.

The FDIC said the failures of the Colorado and Kansas banks are estimated to cost a total of $107 million.

The FDIC was not able to find a taker for any of FirstCity's deposits. Instead, the agency will pay only insured deposits — totaling roughly $277 million — directly from the Deposit Insurance Fund. That amount may change, however, as the FDIC collects more customer data.

The FDIC estimated the failure — the eighth in Georgia since the start of 2008 — will cost the agency $100 million.

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