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Four Banks Fail; 2011 Tally at 22

Friday sees two bank failures in Georgia and two in California.

More Banks on the Capital Brink

The pace of bank failures is likely to hold up through the first half of 2011, since the number of undercapitalized banks has increased from last quarter.

Bay Commercial Bank To Acquire Charter Oak Bank

The boards of directors of Bay Commercial Bank (OTCBB:BCML) and Charter Oak Bank (OTCBB:CHOB) announced that Bay Commercial Bank has agreed to acquire Charter Oak Bank in an all-stock transaction by issuing 0.