Saturday, August 18, 2012

Unofficial Problem Bank list declines to 899 Institutions

by Bill McBride on 8/18/2012 06:27:00 PM

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Aug 17, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

While the latest monthly release of enforcement action activity by the OCC contributed to many changes to the Unofficial Problem Bank List, it finished the week largely unchanged at 899 institutions with assets of $347.5 billion, compared to 900 institutions and assets of $348.6 billion last week. A year ago, the list held 984 institutions with assets of $412.5 billion.

The OCC terminated actions against Seaside National Bank & Trust, Orlando, FL ($762 million); The First National Bank of Santa Fe, Santa Fe, NM ($751 million); Executive National Bank, Miami, FL ($285 million); First Community Bank, National Association, San Benito, TX ($216 million); Security Federal Savings Bank, Logansport, IN ($201 million); and Home Loan Investment Bank, F.S.B., Warwick, RI ($190 million).

Additions this week were The Bank of Maine, Portland, ME ($793 million); A J Smith Federal Savings Bank, Midlothian, IL ($228 million); CenTrust Bank, National Association, Northbrook, IL ($95 million); The Citizens National Bank of Meyersdale, Meyersdale, PA ($90 million); and Commonwealth National Bank, Mobile, AL ($68 million).

Next week, there is an outside chance for the FDIC to release its actions through July 2012.
Earlier:
Summary for Week Ending Aug 17th
Schedule for Week of Aug 19th

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