FDIC says regulators closed 90th bank of year

U.S. regulators on Friday closed Home National Bank in Oklahoma and U.S.A. Bank in New York the Federal Deposit Insurance Corp said.

Ninety banks have failed so far this year, it said.

The FDIC said Home National Bank of Claremore, Oklahoma, had $645 million in assets and U.S.A. Bank of Port Chester, New York, had $193 million in assets.

New Century Bank of Phoenixville, Pennsylvania, will assume the deposits of USA Bank. RCB Bank of Claremore, Oklahoma, will assume the deposits of Home National Bank.

The Oklahoma bank failure is expected to cost the FDIC's insurance fund $79 million, while the New York failure is expected to cost it $62 million.

(Reporting by Timothy Gardner; Editing by Gary Hill)