Friday, January 03, 2014

Unofficial Problem Bank list declines to 618 Institutions

by Bill McBride on 1/03/2014 07:29:00 PM

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

Here is the unofficial problem bank list for January 3, 2013.

Changes and comments from surferdude808:

Quiet week to start off the New Year as expected. This week there were two removals and one addition to the Unofficial Problem Bank List. After the changes, the list stands at 618 institutions with assets of $205.6 billion. A year ago, the list held 834 institutions with assets of $311.6 billion.

Removals include the FDIC terminating an action against Oconee State Bank, Watkinsville, GA ($265 million) and Advance Bank, Baltimore, MD ($54 million) finding a merger partner. Hat tip to reader HR for alerting us to the Consent Order issued against The Bank of Oswego, Lake Oswego, OR ($118 million), which cannot be located on the FDIC website.

Next week should be as quiet as we do not anticipate the OCC releasing an update on its enforcement actions until January 17th.