Friday, July 09, 2010

Unofficial Problem Bank List at 796 Institutions

by Bill McBride on 7/09/2010 10:18:00 PM

Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for July 9, 2010.

Changes and comments from surferdude808:

Relatively quiet week for the Unofficial Problem Bank List.

The four failures -- Home National Bank ($644. million), Bay National Bank ($282 million), USA Bank ($193 million), and Ideal Federal Savings Bank ($6.3 million) were removed.

There are two additions including Great Northern Bank, Saint Michael, MN ($70.8 million); and American Eagle Savings Bank, Boothwyn, PA ($21.9 million).

These changes leave the Unofficial Problem Bank List with 796 institutions with aggregate assets of $411.6 billion. Next week, we anticipate the OCC will release its actions for June 2010.
CR Note: The list will probably be over 800 next week, and is still on pace to hit 1,000 by the end of the year.

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