Regulators take over 4 failed U.S. banks

The small banks, which totaled $560.7 million in deposits and $664.5 million in assets, included two in Maryland and one each in New York and Oklahoma.

In Maryland, the two branches of Bay National Bank were sold to Bay Bank. A buyer was not found for Ideal Federal Savings Bank, which had $5.8 million in deposits. The Wall Street Journal said the Federal Deposit Insurance Corporation approved a $2.1 million insurance payout.

USA Bank in Port Chester, N.Y., was taken over by New Century Bank of Pennsylvania at a cost to the FDIC fund of about $17.4 million.

All 15 branches of Home National in Oklahoma were purchased by RBC Bank. The Journal said the takeover cost the FDIC $61.7 million.

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