The Federal Deposit Insurance Corp. has closed two more banks in Washington and Nevada. Till date, 22 banks have been shut down by the regulators in 2010.

Carson River Community Bank, based in Carson City, Nevada and Rainier Pacific Bank in Tacoma, Washington are the two banks to be shut down. The two banks have a total of $768.9 million in assets. The failures are expected to cost the Deposit Insurance Fund $103.1 million.

The Federal Deposit Insurance Corp. was appointed receiver of both the banks on Friday.

Carson River Community Bank had $51.1 million in assets and $50 million in deposits as of December 31. The Reno based Heritage Bank of Nevada agreed to purchase all of the failed bank's $50 million of deposits and the sole branch of Carson River will reopen Monday as a branch of Heritage Bank.

Rainier Pacific Bank had $717.8 million in assets and $446.2 million in deposits as of December 31. All of its $446.2 million of deposits and 14 branches were sold to Umpqua Bank of Roseburg. The FDIC and Umpqua have entered into a loss share transaction on $578.1 million of Rainier Pacific's assets. According to the agreement with FDIC, Umpqua will pay a premium of 1.04% to the FDIC.