WASHINGTON — Four more banks failed Friday night totaling $1.2 billion in assets and costing the Federal Deposit Insurance Corp. an estimated $320 million.
Regulators closed $497 million-asset Desert Hills Bank in Phoenix, $363 million-asset McIntosh Commercial Bank in Carrollton, Ga., $292 million-asset Unity National Bank in Cartersville, Ga., and $88 million-asset Key West Bank in Key West, Fla. A total of 41 banks have failed so far this year.
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