by Bill McBride on 12/15/2012 06:20:00 PM
Saturday, December 15, 2012
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 since then.
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Dec 14, 2012.
Changes and comments from surferdude808:
Similar to last week, the only changes this week to the Unofficial Problem Bank list were removals. In all, there were four removals, which leaves the list at 845 institutions with assets of $312.9 billion. A year ago, the list held 974 institutions with assets of $398.3 billion.Earlier:
Oasis Bank, SSB, Houston, TX ($77 million) left the list through an unassisted merger and actions were terminated against WaterStone Bank, SSB, Wauwatosa, WI ($1.7 billion Ticker: WSBF); Essex Bank, Tappahannock, VA ($1.1 billion Ticker: BTC); and Northwestern Bank, Chippewa Falls, WI ($366 million). The failure tonight -- Community Bank of the Ozarks, Sunrise Beach, MO -- was not on the Unofficial Problem Bank List as an enforcement action could not be located on the FDIC website.
Next week, several changes should occur as the OCC will release its actions through mid-November 2012.
• Summary for Week Ending Dec 14th
• Schedule for Week of Dec 16th