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New Bank Failures: Week of Aug. 17

NEW YORK (TheStreet) -- New bank failures last week included two in Arizona and one each in Pennsylvania, Alabama and Nevada, bringing the total number of banks and savings and loans shut down by regulators this year to 77.

All 102 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 failures, California with 13, Florida with eight and Nevada with five failures.

State regulators closed Colonial Bank of Montgomery, Ala., a subsidiary of Colonial BancGroup (CNB) and appointed the Federal Deposit Insurance Corp. receiver. The agency sold all of Colonial Bank's branches and deposits to BB&T Corp. (BBT).

Colonial was the fifth-largest bank to fail in U.S. history.

The Office of Thrift Supervision took over Dwelling House Savings and Loan Association of Pittsburgh and appointed the FDIC receiver. The FDIC then sold the thrift's deposits and office to PNC Bank, a unit of PNC Financial Services (PNC).

The Office of the Comptroller of the Currency shut down Union Bank of Gilbert, Ariz. The FDIC was appointed receiver and sold the failed bank's retail deposits and branches to MidFirst Bank of Oklahoma City.

The Arizona Department of Financial Institutions shuttered Community Bank of Arizona of Phoenix and appointed the FDIC receiver. The FDIC made another deal with MidFirst Bank, which took over all of Community Bank of Arizona's deposits and branches.

Lastly, state regulators closed Community Bank of Nevada in Las Vegas. Since the FDIC was unable to find another institution to buy the failed bank's deposits, the FDIC created the Deposit Insurance National Bank of Las Vegas, which will operate for about 30 days, allowing depositors to move their insured deposits to other institutions. The FDIC estimated that there were $4.2 million in uninsured deposits.

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