by Bill McBride on 11/22/2014 08:11:00 AM
Saturday, November 22, 2014
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Nov 21, 2014.
Changes and comments from surferdude808:
The OCC provided an update on its latest enforcement action activity that resulted in several removals from the Unofficial Problem Bank List. For the week, there were four removals that push the list count to 411 institutions with assets of $126.6 billion. A year ago, there were 654 institutions with assets of $222.8 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 411.
The OCC terminated actions against Queensborough National Bank & Trust Company, Louisville, GA ($808 million); First Bank Richmond, National Association, Richmond, IN ($495 million); and First National Bank, Groesbeck, TX ($55 million). Texas Savings Bank, Snyder, TX ($74 million) found their way off the list by being acquired in an unassisted transaction.
Next week, we anticipate the FDIC will provide an update on its enforcement action activity, industry results for the third quarter, and updated aggregate figures for their official problem bank list.
Posted by Bill McBride on 11/22/2014 08:11:00 AM