Thus far, four U.S.-based bank failures have been rescued by the FDIC in 2023. That's the highest total since 2019, and it's about on pace for a full year's failure rate not seen since 2017.

For those with money in a failed bank, it can be quite unnerving. Even worse, when one bank fails, it often causes people to worry about other banks, which could lead to a run on their deposits and yet another failure.

Yet, for most of us, it's really hard to tell in advance when a bank is going to outright fail. Indeed, according to research from the New York Federal Reserve, there's often very little difference in how ordinary depositors behave at a failing bank versus one surviving. As a result, it's important to recognize that while you can't control bank failures, you can control what you do about them.

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Source Fool.com