by Bill McBride on 1/19/2013 05:44:00 PM
Saturday, January 19, 2013
Here is the unofficial problem bank list for Jan 18, 2012.
Changes and comments from surferdude808:
With the FDIC having a closing for the second consecutive week and the OCC releasing its actions through mid-December 2012, it was a busy week for the Unofficial Problem Bank List. In all, there were 10 removals and four additions, which leave the list holding 826 institutions with assets of $308.7 billion. A year ago the list held 963 institutions with assets of $389.2 billion.Earlier:
First Federal Bank Texas, Tyler, TX ($192 million Ticker: FFBT) merged on an unassisted basis and Evergreen International Bank, Long Beach, CA ($28 million) closed via a voluntary liquidation. The involuntary liquidation or FDIC closing was 1st Regents Bank, Andover, MN ($50 million).
Actions were terminated against Southwest Securities, FSB, Dallas, TX ($1.3 billion Ticker: SWS); Bank of Blue Valley, Overland Park, KS ($662 million Ticker: BVBC); Mountain West Bank, National Association, Helena, MT ($633 million Ticker: MTWF); First Federal Bank, Harrison, AR ($544 million Ticker: FFBH); Tulsa National Bank, Tulsa, OK ($165 million); and RiverWood Bank, Baxter, MN ($157 million). Also, Triumph Savings Bank, SSB, Dallas, TX ($286 million) was removed based on media report provided by a reader. However, the FDIC has not recognized the action termination by press release or in its enforcement action database.
The following four banks joined the list this week -- Citizens Financial Bank, Munster, IN ($1.1 billion Ticker: CITZ); Fieldpoint Private Bank & Trust, Greenwich, CT ($682 million); Delanco Federal Savings Bank, Delanco, NJ ($133 million); and Ben Franklin Bank of Illinois, Arlington Heights, IL ($100 million Ticker: BFFI).
Next week, we anticipate the FDIC will release its actions for December 2012.
• Schedule for Week of Jan 20th
• Summary for Week Ending Jan 18th
Posted by Bill McBride on 1/19/2013 05:44:00 PM