There were only five bank closures in US in 2007. And 2008 saw a five fold increase in that to 25 bank closures. Experts felt that 2009 closures to be at best around 50 banks, but by the end of October third week, the number of US bank closures has already crossed the 100 mark.
Till this week end, the US regulators have closed down 106 banks, due to the closure of seven banks in this week alone.