Saturday, April 05, 2014

Unofficial Problem Bank list declines to 533 Institutions

by Bill McBride on 4/05/2014 06:51:00 PM

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

Here is the unofficial problem bank list for April 4, 2014.

Changes and comments from surferdude808:

Surprisingly there were a number of changes to the Unofficial Problem Bank List in between updates from the FDIC and OCC. In all, there were six removals and one addition that leave the list at 533 institutions with $171.9 billion in assets. A year ago, the list held 790 institutions with assets of $290.0 billion.

Actions were terminated against AnchorBank, fsb, Madison, WI ($2.1 billion Ticker: ABCW); Flagler Bank, West Palm Beach, FL ($154 million); and Albina Community Bank, Portland, OR ($134 million Ticker: ACBC). Merger partners were found by Central Virginia Bank, Powhatan, VA ($347 million Ticker: CVBK); The Village Bank, Saint George, UT ($125 million); and First State Bank of Miami, Texas, Miami, TX ($38 million). The addition this week is International Bank of Chicago, Chicago, IL ($480 million).

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