Saturday, June 11, 2011

Unofficial Problem Bank list over 1,000 Institutions

by Bill McBride on 6/11/2011 08:50:00 AM

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

Here is the unofficial problem bank list for June 10, 2011. (new format)

Changes and comments from surferdude808:

With no closing or action terminations, the five additions this week finally push the Unofficial Problem Bank List over the 1,000 threshold. The list includes 1,002 institutions with assets of $417.4 billion, up from 997 and assets of $416.7 billion last week.

The five additions include The Washington Savings Bank, FSB, Bowie, MD ($408 million Ticker: WSB); Mutual Federal Savings Bank, A FSB, Sidney, OH ($119 million); Reliance Bank, FSB, Fort Myers, FL ($85 million); Covenant Bank, Chicago, IL ($69 million); and Vermont State Bank, Vermont, IL ($15 million).

We again send much love out to the Illinois State Banking Department for being the only state banking department to release its actions; others could learn from their promptness and transparency. Next week, we expect the OC to release their actions through mid-May 2011.
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