State and federal regulators on Friday shut down four more banks, bringing to 57 the number of U.S. banks and savings and loan associations that have failed during 2009.
All but one of the failed banks were included in TheStreet.com's recent list of 89 undercapitalized banks and thrifts. So far, 18 of the undercapitalized institutions listed on May 28 have failed.
All four of the failed institutions were overwhelmed by nonperforming construction and commercial real estate loans, following the pattern of the majority of this year's bank failures.
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