by Bill McBride on 12/11/2010 08:30:00 AM
Saturday, December 11, 2010
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.
Posted by Bill McBride on 12/11/2010 08:30:00 AM