The Federal Deposit Insurance Corp. has issued cease and desist orders for some banks in NC and Colorado. Cape Fear Bank, became the 22nd US bank to fail and the first in North Carolina. FDIC’s Deposit Insurance Fund would have to spend $131 million in view of the Cape Fear Bank failure and some other takeover deals. Also, the New Frontier Bank of Greeley, was closed on Friday by the Colorado State Bank Commissioner, four months after FDIC issued orders against it. FDIC officials took over the New Frontier Bank of Greeley and renamed it as Deposit Insurance National Bank of Greeley.