Who's counting?

D'oh!!! FDIC announces bank failure number 23 for the year -- that's 13 since the first week of September, when FDIC chairwoman Sheila Bair warned of more to come. The previous high in recent years was 11 failures in 2002. If you go back to the early 90s, a total of 291 FDIC insured banks failed from 1991 to 1993.

First Georgia Community Bank, based in Jackson, had $197.4 million in deposits; failure will cost FDIC's insurance fund $72.2 million. These are always announced after closing time Friday to give people a chance to calm down instead of pulling all their money out. Georgia Community Bank's branches will reopen Saturday as branches of United Bank under an assumption agreement with the FDIC.

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