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WASHINGTON — Regulators closed four banks from California to Florida on Friday, boosting to 20 the number of U.S. bank failures this year following the 140 closures last year in the worst financial climate in decades.
The Federal Deposit Insurance Corp. took over La Jolla Bank FSB, in La Jolla, Calif. and George Washington Savings Bank in Orland Park, Ill. The other seized banks were smaller and located in Florida and Texas.
