by Bill McBride on 5/14/2010 11:34:00 PM
Friday, May 14, 2010
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for May 14, 2010.
Changes and comments from surferdude808:
It was a quiet week for the Unofficial Problem Bank List as there were only three removals because of failure and one addition.CR Note: Midwest was a TARP recipient of $89.4 million - and usually when a bank is seized, the Treasury (aka taxpayers) lose the entire investment.
The list includes 725 institutions with aggregate assets of $363 billion. The failures include Midwest Bank and Trust Company ($3.4 billion Ticker: MBHI), New Liberty Bank ($114 million), and Satilla Community Bank ($146 million). The sole addition is Monarch Community Bank, Coldwater, MI ($290 million Ticker: MCBF).
There was one name and location change with Ohio Legacy Bank, N.A., Wooster, OH now known as Premier Bank & Trust, N.A., North Canton, OH. We had anticipated for the OCC to release its actions for April 2010 but it looks like that will happen by next Friday.
Posted by Bill McBride on 5/14/2010 11:34:00 PM