Four more US banks closed down

US regulators have closed down four more banks in the states of California, Maryland and Washington, bringing the total number of failures to 143 so far this year.

Regulators closed Washington’s Pierce Commercial Bank, Maryland’s K Bank and two banks in California — Western Commercial Bank and First Vietnamese American Bank — on Friday.

Randallstown, Maryland-based K Bank, which had $500.1 million in deposits as of September 30, was closed on Friday, the Federal Deposit Insurance Corp. (FDIC) said in a statement on Saturday.

Western Commercial Bank in Woodland Hills, California, which had $101.1 million in deposits, was also closed on the same day, the FDIC said.

Regulators also shut down First Vietnamese with $47 million in deposits.

Other financial institutes that are still on their feet have agreed to assume the failed banks’ deposits and purchase their assets.

The number of lenders shut down this year exceeds the total bank closures in 2009. About 300 banks have gone under since the start of the financial crisis in 2008.