The New Frontier Bank, Greeley, CO, and the Cape Fear Bank, Wilmington, NC, shuttered last Friday. These were the 22nd and 23rd banks to fail so far in 2009. There were 25 total bank failures in 2008 – most of those coming during the last quarter of the year. 2009’s 23 failed institutions are estimated to cost the FDIC’s insurance fund: $3,068,000,000. That’s a serious chunk of change, and you know exactly where it’s coming from – the premiums that all banks pay into the fund.”]
Source: https://www.bankinfosecurity.com/blogs/taxing-time-for-troubled-banks-p-171