Seven more banks were seized by regulators last week, pushing the total number of failed banks to 103 for the year.
At this rate, it appears more FDIC-insured banks will be shuttered this year than in the three previous years combined (130 in 2009, 25 in 2008 and three in 2007).
The banks closed on July 23 were in seven different states, from Oregon to Florida. They were:
SouthwestUSA Bank, of Las Vegas, which was sold to Plaza Bank, which is based in Irvine, Calif.
Home Valley Bank, of Cave Junction, Ore., which was sold to South Valley Bank & Trust, which is based in Klamath Falls, Ore.
Community Security Bank, of New Prague, Minn., which was sold to Roundbank, which is based in Waseca, Minn.
Thunder Bank, of Sylvan Grove, Kans., which was sold to The Bennington State Bank, which is based in Salina, Kans.
Crescent Bank and Trust Co., of Jasper, Ga., which was sold to Renasant Bank, which is based in Tupelo, Miss.
Williamsburg First National Bank, of Kingstree, S.C., which was sold to First Citizens Bank & Trust, which is based in Columbia, S.C.
Sterling Bank, of Lantana, Fla., which was sold to IberiaBank, which is based in Lafayette, La.
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