Another Friday and another set of failed banks.  Up this week are a number of small financial institutions – well in comparison to failure this year.

The banks in question are:

• United Security Bank, Sparta, GA;
• Home Federal Savings Bank, Detroit, Michigan;
• Prosperan Bank, Oakdale, MN;
• Gateway Bank of St. Louis, St. Louis, MO;
• United Commercial Bank, San Francisco, CA;

The FDIC expects to report a loss of $1.532B for closing down these fine, outstanding, examples of the business community.

Related posts:

1. FDIC Friday (the 13th)
2. 7(!) banks closed by the FDIC today.
3. FDIC: Small banks can't compete with bailed-out giants
4. In case you missed it; two regional banks were closed Friday. One in Georgia, one in Texas.
5. FDIC running out of funding? Update on the banking collapse.