New Bank Failures: Week of Aug. 31

Stock quotes in this article: MTB , AIB , PACW , JPM , STI , BBT , USB  

NEW YORK (TheStreet) -- New bank failures last week in California, Minnesota and Maryland brought the total number of banks and savings and loans shut down by regulators this year to 84.

All 106 bank failures since the beginning of 2008 are detailed on TheStreet.com's interactive bank failure map:

Georgia continues to lead all states with 23 bank or thrift failures during 2008 and 2009, followed by Illinois and California with 14 each, Florida with eight and Nevada with five.

The Office of Thrift Supervision took over ebank of Atlanta and appointed the Federal Deposit Insurance Corp. receiver. The FDIC then sold the thrift's deposits and sole office to Stearns Bank NA.

The Office of Thrift Supervision shuttered Bradford Bank of Baltimore. The FDIC was appointed receiver and sold all of the institution's deposits and branches Manufacturers & Traders Trust Co of Buffalo, N.Y., the main subsidiary of M&T Bank Corp. (MTB Quote). Allied Irish Banks PLC (AIB Quote) holds a significant stake in M&T Bank Corp.

Minnesota regulators closed Mainstreet Bank of Forest Lake and appointed the FDIC receiver. The FDIC was appointed receiver and sold the failed bank's deposits and branches to Central Bank of Stillwater, Minn.

The California Department of Financial Institutions took over Affinity Bank of Ventura. The FDIC was appointed receiver and sold all of Affinity's deposits and branches to Pacific Western Bank of San Diego. Pacific Western is held by PacWest Bancorp (PACW Quote).

All three failed institutions were included in TheStreet.com's list of 116 undercapitalized banks and thrifts, based on second-quarter data.

Of the 89 institutions on a previous list published by TheStreet.com in late May, 38 have failed. That list also included the three banks and thrifts that failed Friday.

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