The 2008 bank failures reached 25 on Friday when the Feds closed Haven Trust Bank in Georgia and Sanderson State Bank in Texas after market close.  Just a reminder, if you happen to have money in these two financial institutions, there is no reason to panic as the FDIC has insurance on all account up to 250K.

One bright spot in this news, the FDIC has already found purchasers who will re-open all branches on Monday.

With just over 2 weeks to go in the year, 25 bank failures is only 3 more than 2007.  While that is a high number, it’s not crisis mode (yet).  The rest of the economy may be…. Oh, and if you want the list of all 25 Banks that have failed this year, you can find it the the FDIC website.

Related posts:

1. 7(!) banks closed by the FDIC today.
2. FDIC Friday, the 11/06/09 edition
3. Integrity Bank of Alpharetta, Georgia, 10th bank to close this year
4. FDIC Friday (the 13th)
5. FDIC: Small banks can't compete with bailed-out giants