Regulators Shutter Four Banks, One Thrift

WASHINGTON (TheStreet) -- Regulators closed four small banks and one savings and loan association Friday, bringing the 2009 tally of failed U.S. banks and thrifts to 69.

All five of the failed institutions were included in TheStreet.com's recent list of undercapitalized banks and thrifts. Twenty-seven of the 89 undercapitalized institutions listed at the end of May have failed so far.

The Oklahoma State Banking Department took over First State Bank of Altus and appointed the Federal Deposit Insurance Corp. receiver. The FDIC sold all of the failed bank's deposits and branches to Herring Bank of Amarillo, Texas.

The Florida Office of Financial Regulation shut down Integrity Bank of Jupiter, Fla. The FDIC was appointed receiver and sold all of Integrity Bank's deposits and branches to Stonegate Bank(SGBK Quote) of Fort Lauderdale, Fla.

The Office of Thrift Supervision closed Peoples Community Bank of West Chester, Ohio. As receiver, the FDIC sold all of the failed thrift's deposits and branches to First Financial Bank of Hamilton, Ohio, a subsidiary of First Financial Bancorp(FFBC Quote). Peoples Community was held by Peoples Community Bancorp(PCBI Quote).

State regulators shuttered First BankAmericano of Elizabeth, N.J. The FDIC was appointed receiver and sold all of the failed bank's deposits and offices to Crown Bank of Brick, N.J.

Lastly, Illinois regulators closed Mutual Bank of Harvey, Ill. and appointed the FDIC receiver. The FDIC then sold all of Mutual Bank's deposits and branches to United Central Bank of Garland, Texas.

All previous bank failures since the beginning of 2008 are detailed on TheStreet.com's interactive Bank Failure Map.

Georgia continues to lead all states with 21 bank or thrift failures during 2008 and 2009, followed by Illinois with 14, California with 13, Florida with six and Nevada with four.