NEW YORK (September 5, 2009)--Federal regulators have closed five more banks, pushing the number of bank failures so far this year to near triple digits.

The Federal Deposit Insurance Corp. stepped in Friday night on two banks in Illinois and one each in Missouri, Arizona and Iowa, raising to 89 the number of banks that have crumbled under the weight of the sour economy this year.

The banks seized in Illinois include InBank of Oak Forest, and Platinum Community Bank of Rolling Meadows. In Missouri, the FDIC took control of First Bank of Kansas City, and in Iowa, Vantus Bank of Sioux City.

First State Bank in Flagstaff, Ariz. was also closed.

The FDIC said other institutions will absorb all, but the Platinum Community Bank.

The FDIC will pay out Platinum's insured deposits.

The failures are expected to cost the FDIC more than $400 million.