According to the official reports, five banks in three states were shut down by federal and state regulators Friday, bringing the number of U. S. bank failures to 78 this year.

The Wall Street Journal has reported that regulators closed banks in Florida, California and Nevada. Those states have had a concentration of troubled institutions, with 13 of the closures so far this year in Florida, six in California and two in Nevada.

The Florida Office of Financial Regulation closed three units of Bank of Florida Corp., with the Federal Deposit Insurance Corp. named as receiver, said the Federal Deposit Insurance Corp. on Friday. The bank, which posted a loss of $108.7 million last year, said on May 18 that its first-quarter earnings were adjusted to include a widened loss to common shareholders of $48.2 million. The bank had failed to raise $71.8 million in a common stock offering.

The Wall Street Journal has said that under an arrangement by the FDIC that's expected to cost the insurance fund some $203 million, EverBank of Jacksonville, Fla., will acquire Bank of Florida's $1.32 billion in deposits and take over its three banks in Fort Lauderdale, Naples and Tampa. Thirteen branches will reopen Tuesday as EverBank branches.

In California, the Office of the Controller of the Currency shut down Granite Community Bank N. A. Tri Counties Bank in Chico, Calif., will acquire the bank's $94.2 million in deposits, a $17.3 million expense for the FDIC.

It has been also reported that in Las Vegas, Sun West Bank was closed by the Nevada Financial Institutions Division. That bank's $353.9 million in deposits taken over by City National Bank in Los Angeles, at a $96.7 million cost for the FDIC. (With Inputs from Agencies)