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New Bank Failures: Week of Aug. 31

New bank failures in California, Minnesota and Maryland brought the total number of banks and savings and loans shut down by regulators this year to 84.



) --

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's

interactive bank failure map:


continues to lead all states with 23 bank or thrift failures during 2008 and 2009, followed by




with 14 each,


with eight and


with five.

The Office of Thrift Supervision took over


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) - Get M&T Bank Corporation (MTB) Report


Allied Irish Banks PLC


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

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of San Diego. Pacific Western is held by

PacWest Bancorp

(PACW) - Get PacWest Bancorp Report


All three failed institutions were included in's

list of 116

undercapitalized banks and thrifts

, based on second-quarter data.

Of the 89 institutions on a previous list published by

in late May, 38 have failed. That list also included the three banks and thrifts that failed Friday.

JPMorgan Chase

(JPM) - Get JPMorgan Chase & Co. (JPM) Report

, which acquired

Washington Mutual

, the largest-ever bank or thrift to fail in the U.S., is among the large bank hold companies that have acquired failed institutions during 2008 and 2009. Others include

SunTrust Banks

(STI) - Get SunTrust Banks, Inc. Report


Regions Financial

(RF) - Get Regions Financial Corporation Report


Fifth Third Bancorp

(FITB) - Get Fifth Third Bancorp Report


US Bancorp

(USB) - Get U.S. Bancorp Report


Zions Bancorp

(ZION) - Get Zions Bancorporation (ZION) Report


PNC Financial

(PNC) - Get PNC Financial Services Group, Inc. Report


BB&T Corp

(BBT) - Get BB&T Corporation Report

. Ratings

issues independent and very conservative financial strength ratings on each of the nation's 8,500 banks and savings and loans. They are available at no charge on the

Banks & Thrifts Screener



Written by Philip van Doorn in Jupiter Fla.

Philip W. van Doorn joined Ratings., Inc., in February 2007. He is the senior analyst responsible for assigning financial strength ratings to banks and savings and loan institutions. He also comments on industry and regulatory trends. Mr. van Doorn has fifteen years experience, having served as a loan operations officer at Riverside National Bank in Fort Pierce, Florida, 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.