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Six Banks Fail; 2010 Total at 157

United Americas Bank, NA

The OCC also took over United Americas Bank, which had $242.3 million in total assets. As receiver, the FDIC arranged for State Bank and Trust Company of Macon, Ga. to assume the failed institution's assets and deposits, with the agency agreeing to share in losses on $195.8 million of the acquired assets.

State Bank and Trust Company is the main subsidiary of State Bank Financial (STBZ.PK).

The FDIC estimated the cost of United Americas Bank's failure to the deposit insurance fund would be $75.8 million.

Thorough Bank Failure Coverage

All bank and thrift closures since the beginning of 2008 are detailed in TheStreet's interactive bank failure map:

The bank failure map is color-coded, with the states having the greatest number of failures highlighted in dark gray, and states with no failures in light green. By moving your mouse over a state you can see its combined 2008-2010 totals. Then click the state to open a detailed map pinpointing the locations and providing additional information for each bank failure.

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-- Written by Philip van Doorn in Jupiter, Fla.

>To contact the writer of this article, click here: Philip van Doorn.

>To follow the writer on Twitter, go to http://twitter.com/PhilipvanDoorn.

>To submit a news tip, send an email to: tips@thestreet.com.

Stock quotes in this article: OZRK, FUBC, SMBC 
Philip W. van Doorn is a member of TheStreet's banking and finance team, commenting on industry and regulatory trends. He previously served as the senior analyst for TheStreet.com Ratings, responsible for assigning financial strength ratings to banks and savings and loan institutions. Mr. van Doorn previously served as a loan operations officer at Riverside National Bank in Fort Pierce, Fla., and as a credit analyst at the Federal Home Loan Bank of New York, where he monitored banks in New York, New Jersey and Puerto Rico. Mr. van Doorn has additional experience in the mutual fund and computer software industries. He holds a bachelor of science in business administration from Long Island University.

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