According to a FDIC report, 478 banks have failed since 2007. In 2012 there were 51 USA bank failures (actual count was 50). 45 of those banks had less than $500MM in assets and 50% of them were located in three states, i.e. GA, FL and IL. 42 of the failed banks had 5 branches or less. In just 4 months of 2013, 10 banks have failed. The economy and real estate meltdown continue to take the blame while lending mediocrity solders on.