U.S. shuts 8 more banks; 50 total have been closed this year

Updated 3m ago

WASHINGTON (AP) — Regulators have shut down eight banks — three in Florida, two in California, and one each in Massachusetts, Michigan and Washington — putting the number of U.S. bank failures this year at 50.

The Federal Deposit Insurance Corp. on Friday took over the three Florida banks: Riverside National Bank in Fort Pierce, First Federal Bank of North Florida in Palatka and AmericanFirst Bank in Clermont.

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The FDIC also seized Innovative Bank, based in Oakland; Tamalpais Bank of San Rafael, Calif.; City Bank, based in Lynnwood, Wash.; Butler Bank in Lowell, Mass.; and Lakeside Community Bank in Sterling Heights, Mich.

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