Cannot Bank on these

Banks closed in Fla, Ga, Ill; 2011 total is 68 - Yahoo! Finance: 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 pace of closures has eased in 2011 as the economy has slowly improved and banks work their way through the bad debt accumulated in the Great Recession. By this time last year, regulators had shuttered 118 banks.

The Federal Deposit Insurance Corp. seized Lydian Private Bank, based in Palm Beach, Fla., with $1.7 billion in assets and $1.24 billion in deposits. Also shuttered 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.