Saturday, June 14, 2014

Unofficial Problem Bank list declines to 494 Institutions

by Bill McBride on 6/14/2014 08:15:00 AM

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

Here is the unofficial problem bank list for June 13, 2014.

Changes and comments from surferdude808:

Back-to-back quiet weeks for changes to the Unofficial Problem Bank List. This week only Minnwest Bank Metro, Eagan, MN ($209 million) was removed as it found a merger partner to work its way off the list. After removal, the list holds 494 institutions with assets of $153.7 billion. A year ago, the list had 757 institutions with assets of $274.5 billion. Next week, we anticipate for the OCC to provide an update on its enforcement action activity through mid-May 2014.
CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The list peaked at 1,002 institutions on June 10, 2011, and is now down to 494.