Friday, November 11, 2011

Unofficial Problem Bank list declines to 981 Institutions

by Bill McBride on 11/11/2011 08:01:00 PM

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

Here is the unofficial problem bank list for Nov 11, 2011. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Another quiet week for the Unofficial Problem Bank List. The list includes 981 institutions with assets of $405.9 billion after two removals. Removals include First Home Savings Bank, Mountain Grove, MO ($209 million Ticker: FBSI) and Service1st Bank of Nevada, Las Vegas, NV ($172 million Ticker: WLBC), which had their respective formal enforcement actions replaced by less stringent Memorandums of Understanding. The failure this week in Georgia -- Community Bank of Rockmart -- was not subject to an enforcement action. The other change this week was the FDIC issuing a Prompt Corrective Action Order against Tennessee Commerce Bank, Franklin, TN ($1.5 billion Ticker: TNCC).
Best wishes to all!

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