Saturday, May 07, 2011

Unofficial Problem Bank list at 983 Institutions

by Bill McBride on 5/07/2011 09:02:00 AM

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

Here is the unofficial problem bank list for May 6, 2011.

Changes and comments from surferdude808:

After many changes last week, activity was muted this week with two removals and one addition to the Unofficial Problem Bank List.

The list stands at 983 institutions with assets of $422.1 billion. Removals are the failed Coastal Bank, Cocoa Beach, FL ($133 million) and an action termination against Southwestern National Bank, Houston, TX ($319 million).

The single addition is Bank of the Carolinas, Mocksville, NC ($534 million Ticker: BCAR). With next Friday being the 13th day of the month, there is an outside chance the OCC will release its actions through mid-April 2011. However, the OCC typically releases on the Friday following the 14th day on the month.