Regulators Shut Down Three Banks Friday

WASHINGTON (TheStreet) -- Regulators closed two banks in Florida and one in Oregon Friday, bringing the 2009 tally of failed U.S. banks and savings and loan institutions to 72.

Two of the failed banks were included in TheStreet.com's preliminary list of 104 undercapitalized banks and thrifts, based on preliminary second-quarter data.

Of the 89 institutions on a previous list of undercapitalized banks and thrifts published by the TheStreet.com in late May, 31 have failed so far.

The Florida Office of Financial Regulation shut down First State Bank of Sarasota, Fla. and appointed the Federal Deposit Insurance Corp. receiver. The FDIC sold all of the failed bank's retail deposits and branches to Stearns Bank of St. Cloud, Minn.

The Office of the Comptroller of the Currency took over Community National Bank of Sarasota County of Venice, Fla. The FDIC then sold its deposits and branches to Stearns Bank.

State regulators closed Community First Bank of Prineville, Ore. The FDIC was appointed receiver and sold Community First Bank's retail deposits and branches to Home Federal Bancorp(HOME Quote) of Nampa, Idaho.

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

CLICK HERE FOR TABLE

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 eight 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); Fifth Third Bancorp(FITB Quote); U.S. Bancorp(USB Quote); BB&T Corp(BBT Quote); and Zions Bancorporation(ZION Quote).