Bank Failures in 2008 - The List Grows by Three

As reported by CNNMoney.com - "Three banks in California, Georgia fail":

Three more banks - two in California and one in Georgia - failed Friday, bringing to 22 the number of institutions forced to close in the wake of the financial crisis.

The Federal Deposit Insurance Corp. said the banking operations of Downey Savings and Loan Association of Newport Beach, Calif., and PFF Bank & Trust of Downey, Calif., were acquired by U.S. Bank (USB, Fortune 500) of Minneapolis.

... Earlier, Loganville, Ga.- based Community Bank was shuttered by the Georgia Department of Banking and Finance. The FDIC took over the assets and Tappahannock, Va.-based Bank of Essex will assume all Community Bank's deposits.

See the FDIC's list of Bank failures for 2008:
http://www.propertyqwest.com/blog/2008/11/bank-failures-of-2008-fdic-list-of.html