by Bill McBride on 7/09/2010 10:18:00 PM
Friday, July 09, 2010
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.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.
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.
Posted by Bill McBride on 7/09/2010 10:18:00 PM