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.

Last 10 Posts