U.S. regulators have closed five more banks in Florida, Georgia and Michigan, taking the total number of failures this year to 39, The Wall Street Journal reports. The Federal Deposit Insurance Corporation has closed First Choice Community Bank and Park Avenue Bank in Georgia, which will be taken over by Bank of the Ozarks. Premier American Bank will acquire the First National Bank of Central Florida and Cortez Community Bank in Florida. In Michigan, four branches of Community Central Bank of Mount Clemens are being taken over by Talmer Bank & Trust.

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