Saturday, August 14, 2010

Unofficial Problem Bank List increases to 813 institutions

by Bill McBride on 8/14/2010 01:25:00 PM

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

Here is the unofficial problem bank list for August 13, 2010.

Changes and comments from surferdude808:

The Unofficial Problem Bank List finishes the week at 813 institutions with aggregate assets of $417.8 billion.

The sole removal is the failed Palos Bank and Trust Company ($496 million).

There are four additions this week -- The Brand Banking Company, Lawrenceville, GA ($1.2 billion); Broadway Federal Bank, f.s.b, Los Angeles, CA ($530 million Ticker: BYFC); Liberty Savings Bank, FSB, Whiting, IN ($82 million); and Home Savings Bank, Jefferson, MO ($31 million).

The other change to report is a Prompt Corrective Action Order issued by the Federal Reserve against Paramount Bank ($283 million).

We anticipate the OCC will release its enforcement actions for July 2010 next Friday.
Note: The FDIC Q2 2010 Quarterly Banking Profile will be released the week of August 22nd.