Four bank failures book-ended the country on Friday.

In the Southeast, the Georgia Department of Banking and Finance closed the $387.6 million-asset Habersham Bank in Clarkesville and the $214.3 million-asset Citizens Bank of Effingham in Springsfield.

On the West Coast, the California Department of Financial Institutions shuttered the $120.8 million-asset Charter Oak Bank in Napa, and the Office of Thrift Supervision closed the $332.6 million-asset San Luis Trust Bank in San Luis Obispo, Calif.

The four banks had a total of $1.05 billion in assets and are expected to cost the Deposit Insurance Fund $267.6 million collectively. So far, 22 institutions have failed so far this year.

The Federal Deposit Insurance Corp. sold Habersham Bank's assets to SCBT National Association in Orangeburg, S.C., with the FDIC agreeing to share losses with SCBT on $270.7 million of the failed bank's assets.

SCBT also assumed the bank's $339.9 million in deposits. Its failure is expected to cost the Deposit Insurance Fund $90.3 million.

HeritageBank of the South in Albany, Ga., agreed to buy Citizens Bank's assets, with $158.1 million of the assets covered by a loss-sharing agreement with the FDIC.

HeritageBank agreed to pay a 1% premium for the bank's $206.5 million deposits. That failure is expected to cost $59.4 million.

Bank of Marin in Novato, Calif., agreed to assume Charter Oak's $105.3 million in deposits. The FDIC said it would retain $28.5 million of Charter Oak's assets for future disposition. The failure is expected to cost $21.8 million.

Finally, First California Bank in Westlake Village agreed to buy essentially all of the thrift's assets from the FDIC, with $241.7 million of those assets covered by a loss-sharing agreement.

First California also agreed to assume the thrift's $272.2 million in deposits. That failure is expected to cost the deposit insurance fund $96.1 million.

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