Regulators closed four banks in Georgia and one each in Florida and Arizona on Friday, which brought the number of bank failures to 41, for the year 2010. They captured Desert Hills Bank of Phoenix which had six branches. The FDIC said that it had $496.6 million in assets and $426.5 million in deposits as of Dec. 31, 2009.

All of Desert Hills’ deposits are to be assumed by New York Community Bank of Westbury, N.Y., through a deal with the FDIC. FDIC and New York Community Bank will share losses of about $325.9 million of Desert Hills' assets.

According to the Federal Deposit Insurance Corp. McIntosh Commercial Bank of Carrollton was the first Georgia bank to close. It had about $362.9 million in assets and $343.3 million in total deposits till Dec. 31, 2009.

In another deal, CharterBank of West Point, Ga., agreed to assume all of McIntosh Commercial deposits. The four branches of McIntosh Commercial Bank will reopen as branches of CharterBank on Saturday.

Unity National was also shut down by the regulators in Georgia. It had five branches which had about $292.2 million in assets and $264.3 million in total deposits by the year end.

Under one more contract, Bank of the Ozarks of Little Rock agreed to assume all of Unity National deposits through a deal with the FDIC.