by Bill McBride on 11/16/2014 08:11:00 AM
Sunday, November 16, 2014
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Nov 14, 2014.
Changes and comments from surferdude808:
Four removals this week from the Unofficial Problem Bank List that push the list count down to 415 institutions with assets of $128 billion. From last week, assets have declined by $3.9 billion, with $2.9 billion coming from the roll to Q3 from Q2 assets. A year ago, the list held 655 institutions with assets of $223.2 billion.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 back down to 415.
Actions have been terminated against Community First Bank & Trust, Columbia, TN ($436 million) and Devon Bank, Chicago, IL ($239 million). Through a merger partner, Highlands Independent Bank, Sebring, FL ($251 million) and Grant County Deposit Bank, Williamstown, KY ($76 million) have found a way off the list.
Next week, we anticipate the OCC will provide an update on its latest enforcement action activity.
Posted by Bill McBride on 11/16/2014 08:11:00 AM