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Late Friday, the Federal Deposit Insurance Corporation closed five more banks, bringing the total for this year to 108. A total of 22 banks failed in July alone (and that's with none over the July 4 holiday weekend) – the most of any month since 23 failed in April.
Friday’s failures were LibertyBank, The Cowlitz Bank, Coastal Community Bank, Bayside Savings Bank, and Northwest Bank & Trust.
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