Two more banks closed on Friday.

Houston, Texas-based Franklin Bank S.S.B. was closed by regulators Friday, the 18th bank failure this year amid the ongoing credit crisis. The Federal Deposit Insurance Corporation said in a statement that Franklin Bank had total assets of $5.1 billion as of Sep. 30, and $3.7 billion in total deposits. El Campo, Texas-based Prosperity Bank will assume Franklin Bank's deposits, and Franklin's 46 offices will reopen as Prosperity branches, the FDIC said.

Source:Marketwatch

Security Pacific Bank fails, 19th in US this year
- U.S. bank regulators on Friday closed Security Pacific Bank of Los Angeles, California, marking the 19th U.S. bank to fail this year.
Pacific Western Bank, also from Los Angeles, will acquire all the deposits of Security Pacific, the Federal Deposit Insurance Corp said.

And I wonder if these two banks will get a bailout package.