Mr. Danielson expects about two dozen more failures the rest of this year and possibly another 200 in 2010. "There are still a lot of [sick] banks to work on in Florida and Georgia" he said. Still, those are relatively low figures compared with the carnage during the savings and loan crisis in the late 1980s and early '90s when the FDIC's troubled list ballooned to more than 2,000 at one point and roughly 2,500 institutions went bust.
Full Article at Pittsburgh Post-Gazette