Two Florida bank failures bring 2010 total to 106

SEATTLE (MarketWatch) -- Two bank closures in Florida on Friday brought the total number U.S. failures for the year to 106. The Federal Deposit Insurance Corp. said in a statement that Port Saint Joe, Fla.-based Bayside Savings Bank, and Panama City Beach, Fla.-based Coastal Community Bank were closed. The two banks had combined deposits of $415.6 million, and their failures will cost the deposit-insurance fund $110.7 million, the FDIC said.

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