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Two banks failed Friday, bringing the 2009 tally to 23, according to the government.
Cape Fear Bank of Wilmington, N.C., and New Frontier Bank of Greeley, Colo., closed their doors for the last time Friday, said the Federal Deposit Insurance Corporation.
The failure of Cape Fear will cost the Deposit Insurance Fund an estimated $131 million, according to the FDIC.
The FDIC said the failure of New Frontier will cost the Deposit Insurance Fund an estimated $670 million.