Regulators close four more US banks

Regulators closed four banks in the United States on Friday, including one in Colorado with over $1 billion in assets, bringing the total number of closures this year to 84. The largest of the failed banks, the Community Banks of Colorado, had $1.38 billion in assets and $1.33 billion in total deposits as of June 30, the Federal Deposit Insurance Corp said. It is the largest bank to fail since August 19, 2011.
Bank Midwest, NA, Kansas City, Mo., agreed to assume all the deposits of Greenwood-based Community Banks of Colorado and to purchase essentially all of he assets. Its 40 branches will reopen on Saturday as branches of Bank Midwest. Among other banks to fail on Friday included two in Georgia and one in Florida. In Georgia, regulators closed Community Capital Bank in Jonesboro and the Decatur First Bank in Decatur.