What to do if your bank follows the 115 that failed this year

Almost every Friday this year, usually in the evening, a grim announcement is released to the public: Another bank has failed.

Sure enough, Friday came and went, and with it, came the announcement that another bank had failed. Actually, not just one bank had failed -- but nine. That's the most that's occurred on any one day this year.

So far this year, that brings the total number of bank failures to 115. The nine new banks are in California, Illinois, Texas and Arizona, all subsidiaries of FBOP Corp, a holding company based in Oak Park, Ill. And while nine bank failures at once is a lot, because they're all part of the same company, it doesn't seem as chilling a day as it might otherwise would have been.