So that's where it all went....................

2010-Q3 Bank Failure.

During the third quarter, Federal and State regulators closed 41 banks, with assets totaling $14.4 billion and at an estimated cost to the FDIC of $2.58 billion. There were nine bank failures in September, ten in August, and twenty two in July. The two largest banks with assets over $1 billion that were closed by regulators during the quarter were ShoreBank, Chicago, IL with assets of $2.16 billion and Crescent Bank and Trust Company, Jasper, GA with assets of $1.01 billion.

Since the start of the financial crisis in 2007, there have been 308 bank failures with assets totaling a staggering $638.8 billion, deposits totaling $450.9 billion, and at an estimated cost to the FDIC’s Deposit Insurance Fund (DIF) of $73.54 billion.