WASHINGTON – The FDIC on Friday closed four more banks, bringing the number of failures to 28 so far this year.
There have been ten credit union failures so far in 2012.
Friday’s bank failures were: $535 million Waccamaw Bank in Whiteville, N.C.; $43 million Farmers and Traders State Bank in Shabbona, Ill.; $54 million Carolina Federal Savings Bank in Charleston, S.C.; and $46 million First Capital Bank in Kingfisher, Okla.
Regulators estimate that the four bank failures will cost the FDIC insurance fund $80.8 million.
The FDIC lined up other lenders to assume the deposits and some of the assets of each bank.