Bank foreclosure homes and foreclosed commercial properties clobbered 5 more banks, putting the total number of U.S. banks that collapsed this year as of the first week of September to 89 banks.

The Federal Deposit Insurance Corporation shuttered First Bank of Kansas City in Missouri, which had $31 million in deposits and assets, and approved the takeover of its deposits by Great American Bank, which is based in De Soto, Kansas.

The FDIC also closed two Illinois banks, namely InBank which is based in Oak Forest and Platinum Community Bank which is based in Rolling Meadows.

A major portion of the $199 million deposits in InBank will be taken over by MB Financial Bank while the brokered deposits will be supervised by FDIC. Three branches of InBank will open as MB Financial Bank. InBank also had $212 million in total assets.

Platinum Bank had $305 million in total deposits and $346 million in total assets. Since the FDIC was not able to find a buyer for Platinum, insured deposits will be paid by FDIC at Platinum Bank. Payments for social security and veteran bills enrolled at Platinum Bank will be accepted at the Palatine branch of MB Financial Bank. Just like other banks, Platinum was heavily exposed to the real estate sector, which is currently loaded with bank foreclosure homes and foreclosed commercial properties.

The FDIC also closed First State Bank in Flagstaff, Arizona, which had $105 million in total assets and $95 million in total deposits. The deposits will be taken over by Tustin, California-based Sunwest Bank.

Vantus Bank, which is based in Sioux City, Iowa, had $368 million in total deposits and $458 million in total assets when it closed. Its deposits will be taken over by Springfield, Missouri-based Great Southern Bank.

Because the FDIC insures deposits up to $250,000, the FDIC deposit insurance fund is expected to lose millions to cover the deposits: about $6 million for First Bank of Kansas, about $66 million for InBank, about $168 million for Vantus Bank, about $114 million for Platinum Bank and about $47 million for First State Bank.

Because of the continued rise in bank foreclosure homes and foreclosed commercial properties, more banks are expected to collapse in the next months and years. According to FDIC, the number of problem banks has increased to 416 on June 30, compared to 305 last March 31. The number is also the highest level reached since the collapse of savings and loan institutions in 1994.