Two credit unions and one bank seized by FDIC.

Regulators seize two large corporate credit unions --Regulator takes over credit unions to protect about $57 billion. The National Credit Union Administration Board said Friday it has placed two large corporate credit unions into conservatorship "to stabilize the corporate credit union system and resolve balance sheet issues." The NCUA said Lenexa, Kan.-based U.S. Central Federal Credit Union and San Dimas, Calif.-based Western Corporate were placed into conservatorship "to protect retail credit union deposits and the interest of the National Credit Union Share Insurance Fund."

Georgia's FirstCity Bank becomes 18th failure of 2009 --FDIC: FirstCity had $297 million in assets and $278 million in deposits as of March 18. Stockbridge, Ga.-based FirstCity Bank was closed by regulators Friday, marking the 18th U.S. bank failure of 2009. The Federal Deposit Insurance Corporation said in a statement that it will mail checks to insured depositors Monday morning, and that FirstCity's direct deposits from the federal government such as Social Security and Veterans' payments will be transferred to SunTrust Banks Inc.