Regulators Close Two Banks

With the holidays behind us, state and federal regulators have resumed closing banks, and the Federal Deposit Insurance Corp.'s recent streak of avoiding losses to depositors with uninsured balances has come to an end.

The Office of the Comptroller of the Currency closed National Bank of Commerce of Berkeley, Ill. late Friday, and the Federal Deposit Insurance Corporation was named receiver. All of the failed institution's deposits were acquired by Republic Bank of Chicago of Oak Brook, Ill.

Meanwhile, the Washington Department of Financial Institutions shuttered the Bank of Clark County of Vancouver, Wash. The FDIC was named receiver and announced that insured deposits were acquired by Umpqua Bank of Roseburg, Ore., which is held by Umpqua Holdings(UMPQ Quote). ...