Bank failure list tops 45

The FDIC says banks in Georgia, Minnesota and California were shuttered by state regulators.

NEW YORK (CNNMoney.com) — Local banks in Georgia, Minnesota and California were closed Friday by state regulators, bringing the total number of failed banks this year to 45, according to the Federal Deposit Insurance Corporation. Even if your business checks are with the banks that closes, they are still covered under the FDIC rules and regulations