Three more banks go belly up

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WASHINGTON, Oct. 22 (UPI) -- Regulators said the death toll for U.S. banks this year reached 83 with two more banks in Georgia and one in Florida closed this week.

The Federal Deposit Insurance Corp. said state regulators in Georgia closed Decatur First Bank in Decatur and Community Capital Bank in Jonesboro.

Deposit account of both banks would be taken over. Decatur First accounts would be absorbed by Fidelity Bank of Atlanta. Community Capital's deposit accounts would be taken over by State Bank and Trust Co. of Macon.

Georgia maintains its place as the state with the highest number of bank closings for the year with its total climbing to 22.

The FDIC also said Old Harbor Bank of Clearwater, Fla., was closed by state regulators. The First United Bank of Boca Raton is taking over Old Harbor deposit accounts.

Old Harbor is the 12th bank in Florida to go under in 2011.