BANKS?

Does anyone know, the procedure, for the FDIC to fail a bank?
Does the president of the bank call them and says "my bank is broke" come take it over, sounds like a good way to get out from under a poorly managed business, without loosing any thing yourself. and if you own the bank,you probably get to stay and work for the FDIC, and the tax payers money.
How many banks do we own now?