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WASHINGTON — Regulators on Friday closed one bank each in Florida, Georgia and Illinois, lifting to 68 the number of U.S. bank failures this year.
The Federal Deposit Insurance Corp. seized Lydian Private Bank, in Palm Beach, Fla., with $1.7 billion in assets and $1.24 billion in deposits. Also closed were two smaller institutions: First Southern National Bank in Statesboro, Ga., with $164.6 million in assets and $159.7 million in deposits; and First Choice Bank in Geneva, Ill., with $141 million in assets and $137.2 million in deposits.
