Authorities closed six banks on Friday, bringing the number of closures this year to 157.
Smaller financial institutions, in particular, continue to feel the impact of the struggling housing market, weak economy and high unemployment. The bulk of this year's closures have been smaller institutions, each with less than a billion dollars in assets. Large banks have recovered more quickly from the financial crisis.
The Federal Deposit Insurance Corp (FDIC) has said it expects bank closures to peak this year after 140 closures in 2009.
The FDIC announced the following closures on Friday:
* Appalachian Community Bank of McCaysville, Georgia; had assets of $68.2 million. Peoples Bank of East Tennessee of Madisonville, Tennessee, to assume the deposits
* Chestatee State Bank of Dawsonville, Georgia; had assets of $244.4 million. Bank of the Ozarks of Little Rock, Arkansas, to assume the deposits
* Bank of Miami, National Association of Coral Gables, Florida; had assets of $448.2 million. 1st United Bank of Boca Raton, Florida
* United Americas Bank, National Association, of Atlanta, Georgia; had assets of $193.8 million. State Bank and Trust Company of Macon, Georgia to assume the deposits.
* Community National Bank of Lino lakes, Minnesota; had assets of $31.6 million. Farmers & merchants Bank of Manchester, Iowa to assume deposits.
* First Southern Bank of Batesville; had assets of $191.8 million. Southern Bank of Poplar Bluff, Missouri to assume deposits.
(Reporting by Glenn Somerville)