Banks, 2010 Bank Failures | featured news

Regulators seized six banks Friday in the Southeast, Midwest and Northeast, marking 125 failures for 2010.

U.S. bank failures reached 108 so far in 2010 on Friday as regulators seized five small banks in the Pacific Northwest and the Southeast, none publicly traded.

Regulators closed six more banks around the country, marking the second consecutive year that more than 100 financial institutions have collapsed.

Federal regulators closed Bay National Bank of Baltimore, Md., the 87th U.S. bank to fail this year.

The Federal Deposit Insurance Corp. said state regulators closed Access Bank of Champlin, Minn., and the Bank of Bonifay in Bonifay, Fla., bringing to 66 the number of U.S. banks that have failed this year.

Four U.S. banks were seized Friday by state regulators, two in Georgia, one in Florida and one in Arizona, bringing the total number of bank failures to 41 in 2010.

The closures of Statewide Bank in Louisiana and Florida's Old Southern Bank brought the number of bank failures this year to 30, according to the Federal Deposit Insurance Corp.