Nevada Security Bank in Reno, Nevada was the 83rd bank to fail this year. USA Todayreports that pace for bank failures this year is double last year's pace.
The 83 closures so far this year is more than double the pace set in all of 2009, which was itself a brisk year for shutdowns. By this time last year, regulators had closed 40 banks. The pace has accelerated as banks' losses mount on loans made for commercial property and development.
You can see the FDIC's complete list of failed banks here.
