[dpkirchner]

I'm curious how many of these banks were young -- like were they fly-by-nights or were they established players that made bad bets?

[Scoundreller]

Plenty of small and old banks across USA. Not sure how they get by on the back-office side, but they do!

Just looked up a US sibling's bank and it was chartered over 100 years ago and has 3 branches.

Then there are credit unions, which are another beast that sits outside of FDIC.