One thing atypical that happened in this closure is that all deposit accounts were transfered to the new bank including accounts with balances over $100K (see FDIC FAQ). So no depositors lost any money. As we learned in the NetBank closure last year (see post), you shouldn't expect that to happen.
According to the OCC press release on Douglass Bank, the OCC found "that the bank had experienced substantial dissipation of assets and earnings due to unsafe and unsound practices."
We have yet to see a spike in bank failures. It seems like the credit problems have been making headlines for a while now. So perhaps it's not going to be as bad as some had predicted. Or perhaps when some big ones start failing, many more will follow. This Calculated Risk blog post has some interesting stats on bank failures during the S&L crisis of the '80s and during the Great Depression. We are still a long way from those numbers of closures.