TABJ July 27 - U.S. bank failures have surpassed 100, as regulators have closed banks in Florida, Georgia, Kansas, Minnesota and South Carolina.

The five closures bring the 2010 bank failure count to 101. Amid last year's recession and mounting loan defaults, 140 banks closed nationwide. One year ago at this time, 64 banks had been shut down.

The Federal Deposit Insurance Corp. has taken over Crescent Bank and Trust of Georgia, with about $1 billion in assets; Sterling Bank of Florida, $408 million in assets; Williamsburg First National Bank of South Carolina; $139 million assets, Thunder Bank of Sylvan Grove in Kansas; $33 million in assets and Community Security Bank of Minnesota, with a $108-million asset value.

In 2008, 25 banks were shut down, while 2007 saw only three bank closures.