by Bill McBride on 11/27/2010 08:37:00 AM
Saturday, November 27, 2010
Note: this is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Nov 26, 2010.
Changes and comments from surferdude808:
The FDIC released its actions for October, which contributed to a notable increase in the Unofficial Problem Bank List. This week there were 17 additions and one removal leaving the list at 919 institutions with assets of $410.2 billion. Assets declined $9.4 billion during the week, but $11.6 billion, or more than 100 percent of the drop in assets, came from the release of 2010q3 financials. Thus, the net 16 additions this week added $2.2 billion of assets. For the month, a net 25 institutions were added and the list has 376 more institutions than it did a year ago.The Q3 FDIC Quarterly banking profile was released last week and showed 860 problem institutions at the end of Q3 with $379 billion in assets.
The sole removal this week is the termination of an action by the FDIC against Torrey Pines Bank, San Diego, CA ($1.2 billion Ticker: WAL).
Among the 17 additions this week are the Bank of the Orient, San Francisco, CA ($675 million); Town & Country Bank and Trust Company, Bardstown, KY ($454 million Ticker: FHDG); Border State Bank, Greenbush, MN ($347 million); McHenry Savings Bank, McHenry, IL ($271 million); and SouthBank, a Federal Savings Bank, Huntsville, AL ($265 million).
Posted by Bill McBride on 11/27/2010 08:37:00 AM