More bank failures expected; how you check the health of yours

closed bank
closed bank

The banks may be paying back their bailout funds, but there's still trouble ahead for some banks. That became clear this week when the Federal Deposit Insurance Corporation agreed to almost double the amount of money in its 2010 budget that is there to deal with bank failures. What's more, the FDIC plans to add more than 1,600 staffers.

Of course, with any luck, we won't need those 1,600 additional workers, only 84 of them who will be permanent staff members, incidentally. But this year, we've had 133 banks fail, and there's no evidence to suggest that we won't have a 134th soon. And now, with the added funds and additional staff, it's clear that the FDIC expects the possibility of quite a few more bank failures next year among the nation's 8,300 banks.