Friday, May 07, 2010

Unofficial Problem Bank List May 7, 2010

by Bill McBride on 5/07/2010 11:09:00 PM

Note: This earlier post has summaries of three major stories today: Europe, market glitch, and employment report.

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for May 7, 2010.

Changes and comments from surferdude808:

This week the Unofficial Problem Bank List stands at 727 institutions with assets of $366.5 billion compared with 722 institutions with assets of $349.8 billion last week.

There are six removals including four failures -- 1st Pacific Bank of California (Ticker: FPBN), The Bank of Bonifay, Towne Bank of Arizona (Ticker: TWNE), and Access Bank. The other two removals were the terminations of Supervisory Agreements by the OCC against Mountain West Bank, National Association, (Ticker: MTWF), and Pikes Peak National Bank. However, it is likely these terminations will reappear when the OCC releases its actions for April as many times the OCC will replace a Supervisory Agreement with a Consent Order.

There were 11 additions this week including Carolina First Bank, Greenville, SC ($11.9 billion Ticker: TSFG); Metro Bank, Lemoyne, PA ($2.1 billion Ticker: METR); North American Savings Bank, F.S.B., Grandview, MO ($1.5 billion Ticker: NASB); and Tower Bank & Trust Company, Fort Wayne, IN ($681 million Ticker: TOFC).
Still on track for 1,000 banks by the end of the year ...

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