Regulators Close Three More Banks

State and federal regulators on Friday shut down three banks, bringing the total number of failed U.S. banks and savings and loan institutions during 2009 to 40.

All three failed banks were included in TheStreet.com's recent list of 89 undercapitalized banks and thrifts.

State regulators took over Southern Community Bank of Fayetteville, Ga. and appointed the Federal Deposit Insurance Corp. receiver. The FDIC then sold all of the failed bank's deposits and branches to United Community Bank of Blairsville, Ga., a subsidiary of United Community Banks(UCBI Quote).

The North Carolina Commissioner of Banks shuttered Cooperative Bank of Wilmington, N.C., a subsidiary of Cooperative Bankshares (COOP Quote). The FDIC was appointed receiver and sold Cooperative's retail deposits and branches to First Bank of Troy, N.C. First Bank is held by First Bancorp (FBNC Quote).

The Office of the Comptroller of the Currency took over First National Bank of Anthony, of Anthony, Kan. and appointed the FDIC receiver. The FDIC then sold all of the failed institution's deposits to Bank of Kansas, of South Hutchinson, Kan. Bank of Kansas is a subsidiary of Southwest Bancorp(OKSB Quote).

Please see TheStreet.com's Bank Failure Map for an interactive summary of all previous bank and S&L failures during 2008 and 2009.

Georgia leads all states with 12 bank or thrift failures during 2008 and 2009, followed by California with nine failure, Illinois with seven, Florida with five and Nevada with four.

Large bank holding companies that have acquired failed institutions during 2008 and 2009 include J.P. Morgan Chase (JPM Quote), which acquired Washington Mutual, the largest-ever bank or thrift to fail in the U.S., SunTrust Banks (STI Quote), Regions Financial (RF Quote), Zions Bancorp (ZION Quote), Fifth Third Bancorp (FITB Quote), U.S. Bancorp (USB Quote) and BB&T Corp (BBT Quote).

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