The Federal Deposit Insurance Corp. took over Partners Bank, a small bank in Naples, with $68.7 million in assets and $63.4 million in deposits. Stonegate Bank, based in Fort Lauderdale, Fla., agreed to buy the deposits and assets of Partners Bank.
The 100 failures are the most in a year since 1992 at the height of the savings-and-loan crisis.
They have cost the federal deposit insurance fund about $25 billion so far this year, and hundreds more bank failures are expected to raise the cost to about $100 billion through 2013.
Depositors' money is not in danger.
The FDIC is backed by the government, and deposits are guaranteed up to $250,000 per account.
The 100 bank failures this year compare with 25 last year and three in 2007.
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