Two banks in Florida and one in Oregon failed Friday, bringing the US national tally to 72 in 2009, according to reports by the Federal Deposit Insurance Corporation. In Florida — First State Bank, of Sarasota, and Community National Bank of Sarasota County, in Venice, were the banks which closed down whilst the Community First Bank of Prineville in Oregon also failed.

The number of bank closures this year has almost tripled last year’s figure of 25. The failure of the three banks is likely to cost the FDIC $185 million taking the total cost for failed banks this year to $16.58 billion, a figure which stood at $17.6 billion last year.

First State bank held assets worth $463 million and total deposits of $387 million as of May. Community National Bank had assets worth $97 million and total deposits of $93 million as of June 30 and Community First Bank had assets worth $209 million and deposits of about $182 million.

The closure of these three banks is going to cost the Deposit Insurance Fund an estimated $116 million, $24 million and $45 million respectively.

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