Saturday, December 11, 2010

Unofficial Problem Bank list at 919 Institutions

by Bill McBride on 12/11/2010 08:30:00 AM

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

Here is the unofficial problem bank list for Dec 10, 2010.

Changes and comments from surferdude808:

The Unofficial Problem Bank List declined by one to 919 this week after three additions and four removals. However, total assets increased by $1.1 billion to $411.4 billion.

The three additions include Intervest National Bank, New York, NY ($2.1 billion) and the two thrift subsidiaries of Great River Holding Company -- RiverWood Bank, Baxter, MN ($174 million) and RiverWood Bank, Bemidji, MN ($177 million).

The removals include the two failures this week -- Paramount Bank, Farmington, MI ($253 million) and Earthstar Bank, Southhampton, PA ($113 million). The other two removals are Millennium BCP Bank, National Association, Newark, NJ, which completed a voluntary liquidation on October 15, 2010; and Oceanside Bank, Jacksonville, FL, which was acquired by The Jacksonville Bank in an unassisted merger.

Next week, we anticipate the OCC will release its actions for November 2010.