New York ? Regulators have shut down First Bank of Kansas City in Missouri, pushing to 85 the number of bank that have failed this year under the weight of the soured economy and rising loan defaults.

The Federal Deposit Insurance Corp. was appointed receiver of First Bank of Kansas City, based in Kansas City, Mo. It had $16 million in assets and $15 million in deposits as of June 30.

The FDIC said Friday the bank’s deposits will be assumed by Great American Bank based in De Soto, Kan. Its sole branch will reopen today as a branch of Great American Bank.