Regulators close banks in 4 states

NEW YORK — Regulators on Friday shut down banks in Missouri, Illinois, Iowa and Arizona, pushing to 89 the number of banks that have failed this year under the weight of the soured economy and rising loan defaults.

The Federal Deposit Insurance Corp. took over First Bank of Kansas City, based in Kansas City, Mo., with $16 million in assets and $15 million in deposits and shut down Vantus Bank, based in Sioux City, Iowa, with $458 million in assets and $368 million in deposits.

The FDIC seized two banks in Illinois: Oak Forest-based InBank, with $212 million in assets and $199 million in deposits, and Platinum Community Bank in Rolling Meadows, which had $346 million in assets and $305 million in deposits.

First State Bank in Flagstaff, Ariz., was also shuttered by the FDIC. The bank had $105 million in assets and deposits totaling $95 million.