Two banks, one in Florida and another in Washington, were seized by regulators yesterday, pushing the total number of failed banks to 127 for the year.
The Federal Deposit Insurance Corp. immediately sold their deposits and branches to new owners, which should have those offices reopened no later than Monday.
The failed banks are:
Haven Trust Bank Florida, of Ponte Verde Beach, Fla., which was sold to First Southern Bank based in Boca Raton, Fla.
North County Bank, of Arlington, Wash., which was sold to Whidbey Island Bank based in Cupeville, Wash.
Click on the name of each failed bank to see the FDIC closure report.