Marco Community Bank of Marco Island, Florida and George Washington Savings Bank of Orland Park, Illinois, were closed, whereas La Costa National Bank in Texas was detained and sold to Community National Bank of Hondo, Texas.

The FDIC, which is expecting bank failures to cost the insurance fund $100 billion through 2013, is seeking to contain the fallout from the financial crisis since the Great Depression. The agency aims at expanding its workforce from
7,010 in 2009 to 8,563 this year.

OneWest Bank purchased La Jolla Bank's $3.6 billion in assets, according to FDIC.

OneWest is possessed by an investor group that consists of billionaire hedge-fund manager John Paulson, J. Christopher Flowers' private-equity firm, hedge-fund manager George Soros and a fund linked to Michael Dell, the founder of computer maker Dell Inc.

According to the Federal Deposit Insurance Corp, banks in Florida, Texas and Illinois collapsed yesterday, for a total cost to the agency's deposit- insurance fund of about $1.1 billion. It also added that OneWest assumed $2.8 billion in deposits and will share losses with the FDIC on $3.31 billion of the assets.