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Saturday, July 30, 2011

Unofficial Problem Bank list increases to 995 Institutions

by Calculated Risk on 7/30/2011 08:36:00 AM

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

Here is the unofficial problem bank list for July 29, 2011.

Changes and comments from surferdude808:

After eight additions and six removals this week, the Unofficial Problem Bank List includes 995 institutions with assets of $415.4 billion. Last week the list had 993 institutions with assets of $415.7 billion. For the month, the list experienced a net decline of six institutions and an asset drop of $3.9 billion.

The removals this week include the three failures and three cures. The removals from failure were Integra Bank National Association, Evansville, IN ($2.2 billion Ticker: IBNK); BankMeridian, N.A., Columbia, SC ($240 million); and Virginia Business Bank, Richmond, VA ($96 million). The action terminations were Heartland Bank, Leawood, KS ($131 million); The Hicksville Bank, Hicksville, OH ($119 million); and State Bank of Paw Paw, Paw Paw, IL ($23 million).

Among the eight additions are U. S. Century Bank, Doral, FL ($1.7 billion); First Bank, Clewiston, FL ($249 million); Community Trust & Banking Company, Ooltewah, TN ($147 million); and Flagship Bank Minnesota, Wayzata, MN ($122 million).
Yesterday ...
Advance Estimate: Real Annualized GDP Grew at 1.3% in Q2
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