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NBH Holdings Buys Failed Bank, Six More Shut as Count Hits 139

NBH Holdings Corp., a Boston-based private-equity group, purchased a failed bank in Kansas and real-estate losses crippled six others as the number of U.S. lenders to collapse this year climbed to 139.

NBH Holdings purchased the $1.54 billion in deposits of Overland Park, Kansas-based Hillcrest Bank through a newly chartered bank of the same name, according to a statement on the website of the Federal Deposit Insurance Corp. Banking officials closed lenders with a combined $2.4 billion in assets this week, costing the agency’s deposit-insurance fund $478 million.