FDIC Awards Third Bank to Bond Street as Failures Climb to 86

Regulators closed banks in Florida, Georgia and New Mexico, awarding a third financial institution to Bond Street Holdings LLC, an investment firm that first bought banks in January.

Bond Street’s Premier American Bank purchased Englewood, Florida-based Peninsula Bank, according to a statement on the Federal Deposit Insurance Corp.’s website. Yesterday’s three failures cost the agency’s deposit-insurance fund $284.6 million.