true plenty of times or case happen that banks are being close...one of the banks here in my country is being closed and my parents put their savings there bad happen that it was close because of being bankrupt and until now they did not refund my parents..sometimes it is really hard to trust even big names of banks.
That is a normal thing, but it hardly happens in my country, I have never seen that happen after the last time which was 15 or 16 years ago, but the bank didnt really close, what they did was merge with other banks that were in the same condition with them and changed name, that way, people were safe and never lost their money.
I really like how they do things in my country, dont know for you guys, but its really bad. They should have done the same thing, merge with another bank.
banks are there to guard your cash however some time you could have misfortune in keeping cash in banks because of some burglary cases or some different cases that is the reason I'll recommend to keep your cash in bitcoins on the grounds that Bitcoin has high security framework and nobody could hurt bitcoins that is the reason Bitcoin is superior to the banks.