Another Bank Bites the Dust

First Priority Bank was shut down by regulators on Friday, making the Florida lender the eighth bank failure in the U.S. so far this year.

SunTrust agreed to take on the deposits of First Priority, the Federal Deposit Insurance Corporation said in a statement late Friday. The six branches of First Priority will reopen on Monday as branches of SunTrust, it added.

If this is anything like the last banking crisis in the 90s we have 8 banks down and about 992 more to go.