by Bill McBride on 11/17/2012 04:34:00 PM
Saturday, November 17, 2012
CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The number of unofficial problem banks grew steadily and peaked at 1,002 institutions on June 10, 2011. The list has been declining recently.
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Nov 16, 2012. (table is sortable by assets, state, etc.)
Changes and comments from surferdude808:
As anticipated, the OCC released its latest actions this Friday, which contributed to many changes to the Unofficial Problem Bank List. This week, there were seven removals and four additions that leave the list at 857 institutions with assets of $329.2 billion. A year ago, the list held 903 institutions with assets of $419.6 billion.Earlier:
The OCC or the Federal Reserve terminated actions against The Citizens National Bank, Putnam, CT ($354 million Ticker: CTZR); Bankers' Bank of the West, Denver, CO ($348 million); North Cascades National Bank, Chelan, WA ($333 million); Incommons Bank, N.A., Mexia, TX ($98 million); Prairie National Bank, Stewardson, IL ($54 million); and Butte State Bank, Butte, NE ($42 million). Amazingly, the FDIC closed another bank in Georgia -- Hometown Community Bank, Braselton, GA ($134 million), which is the 84th failure in the state since 2008.
Additions this week include Roma Bank, Robbinsville, NJ ($1.7 billion); First National Bank, Ronceverte, WV ($262 million); Interamerican Bank, A FSB, Miami, FL ($240 million); and St Tammany Homestead Savings and Loan Association, Covington, LA ($96 million).
We wish all readers a Happy Thanksgiving as the next update will be published after the holiday. As such, it is likely to be a quiet weekend as the FDIC will take the long weekend off from closings and they will likely not publish their latest actions until Friday the 30th.
• Summary for Week Ending Nov 16th
• Schedule for Week of Nov 18th