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) -- Five

new bank failures

on Friday brought the total number of banks and thrifts shut down by regulators this year to 120.

All 145 bank failures since the beginning of 2008 are detailed on's interactive bank failure map:

The bank failure map is color-coded, with states having the greatest number of failures highlighted in red, and states with no failures in grey.

The most significant failure -- and the seventh-largest during the 2008-2009 crisis -- was

United Commercial Bank

of San Francisco, the main subsidiary of

UCBH Holdings

( UCBH). The Federal Deposit Insurance Corp. and Chinese bank regulators worked together to arrange for

East West Bank

of Pasadena, Calif. to take over United Commercial's operations, as well as its


subsidiary in Shanghai.

East West Bank is a subsidiary of

East West Bancorp

(EWBC) - Get East West Bancorp, Inc. Report

. United Commercial had $10.2 billion in assets when it failed, and the FDIC estimated the cost of the failure to its insurance fund would be $1.4 billion.

Georgia regulators closed

United Security Bank

of Sparta and the FDIC sold the failed bank's deposits and its total assets of $157 million to

Ameris Bank

of Moultrie, Ga., a subsidiary of

Ameris Bancorp

(ABCB) - Get Ameris Bancorp Report

. The FDIC agreed to share in losses on $123 million of the acquired assets and estimated the cost to its insurance fund would be $58 million.

The Office of Thrift Supervision shuttered

Home Federal Savings Bank

of Detroit, and the FDIC arranged for

Liberty Bank and Trust Co.

of New Orleans to assume the failed thrift's deposits and its $14.9 million in total assets, with the failure costing the insurance fund an estimated $5.4 million

State regulators in Minnesota took over

Prosperan Bank

of Oakdale, with the FDIC selling the failed bank's deposits and $174 million of Prosperan's $200 million in assets to

Alerus Financial NA

of Grand Forks, N.D., a subsidiary of

Alerus Financial


. The FDIC agreed to share in losses on the acquired assets and estimated the cost to its insurance fund would be $60.1 million.

The Missouri Division of Finance closed

Gateway Bank of St. Louis

. The FDIC arranged for

TheStreet Recommends

Central Bank of Kansas City

, Mo. to assume the failed bank's deposits and its total assets of $27.7 million and estimated the cost to its insurance fund would be $9.2 million.


leads all states with 26 bank or thrift failures during 2008 and 2009, followed by


with 20,


with 19, and


with 11 failures.

Large holding companies acquiring failed institutions during 2008 and 2009 have included

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;

U.S. Bancorp

(USB) - Get U.S. Bancorp Report


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


Zions Bancorp

(ZION) - Get Zions Bancorporation (ZION) Report

; and

PNC Financial

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

; and


(BBT) - Get BB&T Corporation Report


Free Financial Strength Ratings

One of the most important steps the FDIC has taken to curtail the likelihood of bank failures is the temporary increase of agency's basic limit on individual deposit insurance coverage to $250,000 from $100,000. This increase has been extended through 2013.

The FDIC has also temporarily waived all deposit insurance limits for business transaction accounts (checking accounts). This waiver is set to expire on June 30, 2010, after which business checking accounts will go back to the $100,000 deposit insurance limit.

This means it will be more important than ever for business and municipal entities such as school districts to carefully monitor the health of their banks. It's very easy to have more than $100,000 of somebody else's money flowing through a business account. 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.