by Bill McBride on 9/18/2010 11:20:00 AM
Saturday, September 18, 2010
Note: this is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for September 17, 2010.
Changes and comments from surferdude808:
The FDIC got back to work closing banks in earnest this Friday after taking about a month hiatus. Also, as anticipated the OCC released its actions for July/August. Activities by the FDIC and OCC contributed to many changes in the Unofficial Problem Bank List this week as the six failures were removed and there were 11 additions.Once again - a special thanks to surferdude808 for all his hard work maintaining this list.
After these changes, the Unofficial Problem Bank List stands at 854 institutions with assets of $416 billion, up from 849 institutions with assets of $415.3 billion last week.
The failures include The Peoples Bank ($447 million), Maritime Savings Bank ($350 million), First Commerce Community Bank ($248 million Ticker: FCGA), Bank of Ellijay ($169 million), ISN Bank ($82 million), and Bramble Savings Bank ($48 million).
Most notable among the 11 additions are Nextier Bank, National Association, Evans City, PA ($558 million); American National Bank of Minnesota, Baxter, MN ($322 million); State Bank Financial, La Crosse, WI ($308 million); and National Bank of New York City, New York City, NY ($253 million).
Posted by Bill McBride on 9/18/2010 11:20:00 AM