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NEW YORK — Regulators shut down five banks Friday — three in Florida and one each in Massachusetts and Michigan — putting the number of U.S. bank failures this year at 47.
The Federal Deposit Insurance Corp. took over Riverside National Bank of Florida of Fort Pierce, Fla.; First Federal Bank of North Florida in Palatka, Fla.; and AmericanFirst Bank in Clermont, Fla. Regulators also took over Butler Bank in Lowell, Mass., and Lakeside Community Bank in Sterling Heights, Mich.
