DES PLAINES, Ill. (

TheStreet

) --The Illinois Department of Financial and Professional Regulation on Friday shuttered

All American Bank

of Des Plaines, bringing this year's total number of bank failures to 85.

The failed bank was previously included in

TheStreet's

second-quarter

Bank Watch List

of

undercapitalized

institutions, based on regulatory data provided by

SNL Financial

.

All American Bank had $37.8 million in total assets and $33.4 million in deposits when it failed.

The Federal Deposit Insurance Corp. was named receiver and sold the failed institution to

International Bank of Chicago

.

The failed bank's office was set to reopen during normal business hours as a branch of International Bank of Chicago.

The FDIC estimated the cost of All American Bank's failure to the deposit insurance fund would be $6.5 million.

Thorough Bank Failure Coverage

Georgia

leads all states with 22 bank failures this year, followed by

Florida

, with 12 failures, and

Illinois

, with nine bank closures.

There were

four bank failures last Friday

.

All previous 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 2008-2011 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, click here:

Philip van Doorn

.

To follow the writer on Twitter, go to

http://twitter.com/PhilipvanDoorn

.

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.