The Federal Deposit Insurance Corp. closes Carson River Community Bank in Nevada and Rainer Pacific Bank in Washington, reporting the 21st and 22nd failures of federally insured banks this year.

Carson River Community Bank in Nevada includes assets of around $51.1 million and deposits of $50 million as of December 31. Rainier Pacific Bank in Washington includes assets of $717.8 million and deposits of around $446.2 million as of December 31.

The FDIC revealed that Carson River's deposits will be acquired by Reno, Nev.-based Heritage Bank of Nevada. Carson River's branch will be opened on Monday like an office of Heritage Bank. $38 million of assets will be purchased by Heritage Bank. The FDIC and Heritage Bank decided a loss sharing partnership on $28.5 million of Carson River Community Bank's assets.

Rainier Pacific's deposits will be acquired by Umpqua Bank in Roseburg, Ore. Rainier Pacific's 14 branches will again open as offices of Umpqua Bank. $670.1 million of the assets will be acquired by Umpqua Bank and the rest will be acquired by FDI. The FDIC and Umpqua Bank have decided a loss-share contract on $578.1 million of Rainier Pacific's assets.

The FDIC presumed the expenditure of failed banks to increase to about $100 billion in the next four years.