WASHINGTON — Regulators closed two banks on the East Coast late Friday, bringing the year's failure total to five.

The Office of the Comptroller of the Currency shuttered the $130 million-asset Millennium Bank in Sterling, Va., while Pennsylvania state regulators closed the $63 million-asset Vantage Bank in Horsham, Pa. The two failures together were estimated to cost the Deposit Insurance Fund a little over $16 million.

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