Most banks are seized on Friday afternoons, by the FDIC and restructured by morning. On Friday June 25th three more were closed. Closures of banks are averaging more than three a week.
FDIC seized First National Bank of Savannah Georgia had #252 million in assets and $231 million in deposits; Peninsula Bank in Englewood Florida. It had $644 million in assets and $580 million in deposits; ; and High Desert State Bank of Albuquerque New Mexico which had $80 million in assets and $81 million in deposits.
According to FDIC’s problem list there are 775. With fears of a double-dip recession growing, the numbers could rise higher.