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WASHINGTON (TheStreet) -- State and federal regulators closed four banks and one small thrift Friday, bringing the total number of U.S. banking failures this year to 120.
The failed institutions included United Commercial Bank of San Francisco, the main subsidiary of UCBH Holdings(UCBH Quote). The bank had $11.2 billion in total assets and was the seventh largest failure during the 2008-2009 crisis.
All five institutions were included in TheStreet.com's list of undercapitalized banks and thrifts. Of the 116 banks and thrifts that were undercapitalized at the end of the second quarter, 30 have already failed. ...
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