2011 Bank Failures | featured news

Regulators closed Bank of the Commonwealth, of Norfolk, Va., and Citizens Bank of Northern California, based in Nevada City, bringing the nationwide tally of bank failures to 73 for the year.

Twenty-three lenders fell off the government’s list of so-called “problem banks” in the second quarter, bringing the total to 865.

Regulators closed Public Savings Bank of Huntingdon Valley, Pa., on Thursday, boosting to 65 the number of U.S. bank failures this year.

U.S. regulators on Friday announced the collapse of two more banks in Florida, one of the most failure-plagued states in the country this year.

The FDIC said two banks failed, McIntosh State Bank in Georgia and First Commercial Bank of Tampa Bay in Florida, to bring the tally of closures so far this year to 47.

U.S. regulators announced the failures of two banks, in Nevada and Illinois, bringing the total number of failures this year to 28.