Regulators closed Peninsula Bank of Englewood, Fla., First National Bank of Savannah, Ga., and High Desert State Bank of Albuquerque, N.M, bringing the total number of bank failures this year to 86.

The Federal Deposit Insurance Corp., as receiver for the three banks, entered into purchase and assumption agreements with Premier American Bank of Miami for Peninsula Bank and Savannah Bank for First National Bank. First American Bank of Artesia, N.M., bought High Desert State Bank.

Florida...