Friday, April 22, 2011

Unofficial Problem Bank list at 976 Institutions

by Bill McBride on 4/22/2011 09:06:00 PM

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

Here is the unofficial problem bank list for Apr 22, 2011.

Changes and comments from surferdude808:

Given the flurry of closings last week and the Easter weekend, it is probably safe to assume the FDIC will be on the sidelines this Friday. During the week, however, there were four removals and two additions, which leave the Unofficial Problem Bank List standing at 976 institutions with assets of $422.2 billion.

The FDIC terminated its action against CIT Bank, Salt Lake City, UT ($7.1 billion). The other removals were further intercompany consolidations by the multi-bank holding company Metropolitan Bank Group, Inc., first mentioned last week. This week Metropolitan Bank and Trust Company, Chicago, IL ($307 million); Chicago Community Bank, Chicago, IL ($276 million); and Community Bank of DuPage, Downers Grove, IL ($63 million) merged into the affiliated Metro Bank (f/k/a Citizens Community Bank Of Illinois), Berwyn, IL, which is also on the Unofficial Problem Bank List.

The new addition are Hopkins Federal Savings Bank, Baltimore, MD ($355 million) and TransPecos Banks, Pecos, TX ($157 million). Look for more activity next week as the FDIC should release its enforcement actions through March 2011 on April 29th.