Saturday, September 18, 2010

Unofficial Problem Bank List increases to 854 institutions

by Bill McBride on 9/18/2010 11:20:00 AM

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.

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).
Once again - a special thanks to surferdude808 for all his hard work maintaining this list.