bank failure

Two Florida banks failed Friday night, bring the 2009 national tally to 122 when regulators closed Century Bank in Sarasota, Fla. and Orion Bank in Naples, Fla.

Regulators closed subsidiaries of Irwin Financial Corporation in Kentucky and Indiana Friday, bringing the total number of bank failures this year to 94, according to the Federal Deposit Insurance Corp.

Regulators closed one large bank in Illinois and one small community bank in Minnesota on Friday, pushing the total number of failures this year to 91, according to the Federal Deposit Insurance Corp.

Washington Mutual is long gone, but its lax lending could haunt us for years.

Bradford Bank was closed by federal regulators Friday, bringing the total number of failed banks this year to 82, the Federal Deposit Insurance Corporation said.

Federal regulators closed Atlanta-based ebank Friday bringing the total number of failed banks this year to 78, the Federal Deposit Insurance Corporation said.

Colonial BancGroup, with about $25 billion in assets, had been hit hard by the free-falling real estate markets in Florida and Nevada, where it was a big lender to developers.