Regulators close two US banks

National Bank of Commerce,in Berkeley,Illinois,had 430.9 million in assets and 402.1 million in deposits as of January 7. Bank of Clark County,in Vancouver,Washington,had 446.5 million in assets and 366.5 million in deposits as of January 13.

The FDIC said all of National Banks deposits will be assumed by Republic Bank of Chicago,based in Oak Brook,Illinois. Its two branches will reopen Saturday as offices of Republic Bank. That bank also will buy about 366.6 million of National Bank of Commerce8217;s assets; the FDIC will retain the rest for eventual sale.

Umpqua Bank,based in Roseburg,Oregon,will assume the insured deposits only of Bank of Clark County. As of January 16,there were about 39.3 million in uninsured deposits that potentially exceeded the insurance limits,according to the FDIC.

Regular deposit accounts are now insured up to 250,000 as part of the financial rescue law enacted in October.

Bank of Clark Countys branches will reopen Tuesday as offices of Umpqua Bank,which also will buy 30.4 million of Bank of Clark Countys assets.