Friday, May 13, 2011

Unofficial Problem Bank list at 983 Institutions

by Bill McBride on 5/13/2011 11:41:00 PM

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

Here is the unofficial problem bank list for May 13, 2011.

Changes and comments from surferdude808:

Only two changes were made to the Unofficial Problem Bank List as the FDIC kept its liquidation squad home this weekend and the OCC did not release its actions through mid-April 2011. Moreover, the OTS has not updated its enforcement website page since May 5th and it may be a casualty given their on-going integration into the OCC. That is too bad as the OTS has been more prompt than its merger partner in publishing enforcement actions.

This week there is one addition -- Johnson Bank, Racine, WI ($4.9 billion), and one removal -- TIB Bank, Naples, FL ($1.8 billion), which merged on an unassisted basis with NAFH National Bank, Miami, FL. Thus, the Unofficial Problem Bank List count remains unchanged at 983, but aggregate assets increased to $425.4 billion from $422.1 billion.