Suburban bank among 7 closed by Feds

WASHINGTON — Regulators have shut down a total of seven banks in Florida, Georgia, Illinois, Kansas and Arizona, lifting to 139 the number of U.S. banks that have fallen this year as soured loans have mounted and the economy has sputtered.

First Suburban National Bank in Maywood, with $148.7 million in assets was closed by the Federal Deposit Insurance Corp. Friday.

Also shuttered were Hillcrest Bank, based in Overland Park, Kan., with $1.6 billion in assets; First Bank of Jacksonville in Jacksonville, Fla., with $81 million in assets; Progress Bank of Florida, based in Tampa, with $110.7 million in assets; First National Bank of Barnesville in Barnesville, Ga., with $131.4 million in assets; Gordon Bank of Gordon, Ga., with $29.4 million in assets; and First Arizona Savings, based in Scottsdale, Ariz., with assets of $272.2 million.