by Bill McBride on 2/22/2014 08:05:00 AM
Saturday, February 22, 2014
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for February 21, 2014.
Changes and comments from surferdude808:
Late Friday, the OCC released an update on its recent enforcement action activity that contributed to many removals from the Unofficial Problem Bank List. During the week, there were eight removals that lowered the list institution count to 578 with assets of $193.0 billion. A year ago, the list held 809 institutions with $302.8 billion of assets.
The OCC terminated actions against Home Federal Savings Bank, Rochester, MN ($562 million Ticker: HMNF); The Farmers National Bank of Buhl, Buhl, ID ($391 million); 1st National Bank of South Florida, Homestead, FL ($307 million); American National Bank, Oakland Park, FL ($235 million); Liberty Bank, National Association, Twinsburg, OH ($203 million); Cherokee Bank, National Association, Canton, GA ($168 million Ticker: CHKJ); First Capital Bank, Bennettsville, SC ($58 million Ticker: FCPB); and The First National Bank of Fleming, Fleming, CO ($23 million).
Next week, the FDIC should release an update on its latest enforcement action activities and a report on industry results for the fourth quarter and full year of 2013. Included should be updated figures on the Official Problem Bank List. At the last quarterly release in November 2013, the count on the unofficial list exceeded the official by 130. Since then, the unofficial list has declined by 67 institutions. We are anticipating for the difference to narrow with this release.
Posted by Bill McBride on 2/22/2014 08:05:00 AM