Just in case you thought the worst was behind us, government regulators closed five more banks this past Friday.  The five banks were Community Bank of West Georgia (GA), Neighborhood Community Bank (GA), Horizon Bank (MN), Metro Pacific Bank (CA), and Mirae Bank (CA).  In less than 6 months of 2009, regulator have closed 45 banks, compared to 25 in all of 2008 and 3 in 2007.  The number of banks on the FDIC's watch list has also increased from 252 in the fourth quarter of 2008 to 305 in the first quarter of 2009.  We still have a long way to go.