Big banks benefit as smaller banks fail

One might think that 89 bank failures since the start of 2008 is bad news, but not for other banks. Many banks instead see this as a great opportunity to expand their customer base on the cheap, and the FDIC is helping to ease the way.

Many of the banks who are taking advantage of the current banking crisis are the big boys -- JPMorgan Chase (JPM) purchased WaMu and private equity groups took over IndyMac and BankUnited. Regional banks are getting their fair share of the pie as well.