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Bank Regulators of United States (U.S.) returned confiscated five troubled banks on Friday local time, including three banks owned by Bank of Florida Corp.. This figure adds in U.S. banks closed so far this year to 78. Federal Deposit Insurance Corp. Bank of Florida in the Southeast, Bank of Florida Southwest, and Bank of Florida, Tampa Bay has combined assets of the fund amounted to USD1, 48 billion in assets and 13 branches.

Quoted by the AFP on Sunday (05/30/2010), EverBank of Jacksonville, Florida, has agreed to acquire the banking operations, including joint deposits amounting to USD1, 32 billion. The regulators also closed in Las Vegas-based Sun West Bank. The bank has assets of USD360, 7 million and deposits amounting to USD353, 9 as well. All deposits will be taken over by National Bank in the city of Los Angeles.

FDIC regulators also announced the closing Granite Community Bank of Granite Bay, California assets amounted to USD102, 9 million in assets amounted to USD94 deposit, 2 million. While the Tri Counties Bank Chico, California, assumed his assets in the form of deposits. FDIC expect bank failures, culminating in this year following the worst financial crisis since the 1930s. It is estimated, will exceed 140 in 2010 compared to last year institutions.

FDIC Chairman Sheila Bair said the agency this quarter to another bank briefing yesterday on May 20 in recent weeks and have been able to raise capital to boost their balance sheets or acquiring other banks. He also said the FDIC is to see a higher bid at the auction the bank fails, it means that other companies find the assets of troubled banks is more desirable