WASHINGTON — The government seized three Midwest banks late Friday, costing the Deposit Insurance Fund just over $500 million.

Regulators shuttered the $1.2 billion-asset Premier Bank in Jefferson City, Mo., the $508 million-asset Security Savings Bank in Olathe, Kan.; and the $91 million-asset WestBridge Bank and Trust Co. in Chesterfield, Mo. The three failures brought the year’s total to 132.

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