This week we had 4 banks fail, bringing the total to 22 banks in 2011 so far. The following banks failed this past week; Citizens Bank of Effingham in Springfield Georgia, Charter Oak Bank in Napa California, San Luis Trust Bank FSB in San Luis Obispo California and Habersham Bank in Clarkesville Georgia. It looks like Georgia and California are off to the races to be in the forefront (mainly Georgia). In 2009 Georgia took the lead with 25 banks failed out of a total of 140 that year and in 2010 Georgia was #2 with 21 banks failed out of 157 total.
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