In what appears to be a clear indication of the fact that the still-fragile economic conditions are taking a toll on the banking industry, US regulators shuttered five more banks in four states – Oregon, Washington, Florida, Georgia - late Friday; bringing the total number of bank failures thus far in 2010 to 108.

According to the Federal Deposit Insurance Corp. (FDIC), the closure of the five banks would cost its insurance fund almost $335 million.

The biggest of these five failures is the Eugene, Oregon-based LibertyBank, which had a total of $768.2 million assets and $718.5 million deposits, as per its March-end figures. The FDIC has revealed that all of the bank’s deposits and nearly $419.7 million of its assets will be assumed by the Nampa, Idaho-based Home Federal Bank.

In Washington, the bank that has been closed is the Cowlitz Bank in Longview, which had $529.3 million in assets and $513.9 million in deposits. Olympia-based Heritage Bank will assume all deposits of Cowlitz and purchase $329.5 million of its assets.

Two Florida banks that have been closed - the Panama City Beach-based Coastal Community Bank, with $372.9 million in assets, $363.2 million in deposits; and Port Saint Joe-based Bayside Savings Bank, with $66.1 million in assets, $52.4 million in deposits – have been almost fully assumed by Conway, Ark.-based Centennial Bank.

Lastly, the $167.7 million in assets and $159.4 million in deposits of the NorthWest Bank and Trust of Acworth, Ga., will likely be assumed by Macon-based State Bank and Trust Co.