Saturday, March 05, 2011

Unofficial Problem Bank list increases to 962 Institutions

by Bill McBride on 3/05/2011 09:08:00 AM

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

Here is the unofficial problem bank list for Mar 4, 2011.

Changes and comments from surferdude808:

It almost was a safe & sound banking week as the FDIC did not close a single institution; however, the OTS did not stop issuing enforcement actions.

This week there were one removal and three additions to the Unofficial Problem Bank List. The List now stands at 962 institutions with assets of $417.9 billion, up from 960 institutions and assets of $413.8 billion last week.

The one removal was a terminated action against The Felton Bank, Felton, DE ($81 million Ticker: SHBI), which merged without assistance into CNB, Centerville, MD.

The three additions were First Place Bank, Warren, OH ($3.2 billion Ticker: FPFC); Continental Bank, Plymouth Meeting, PA ($515 million); and First Community Bank of America, Pinellas Park, FL ($471 million Ticker: FCFL). Perhaps during the coming week there will not be a failure nor a new addition.