Friday, January 09, 2015

Unofficial Problem Bank list declines to 399 Institutions

by Bill McBride on 1/09/2015 08:36:00 PM

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

Here is the unofficial problem bank list for Jan 2, 2015 (to be updated next week).

Changes and comments from surferdude808:

Slow week as expected for changes to the Unofficial Problem Bank List. There was only removal that lowered the list count to 399 institutions with assets of $124.6 billion. A year ago, the list held 618 institutions with assets of $205.6 billion.

The FDIC terminated the action against Business Bank, Burlington, WA ($133 million), which then changed its name to SaviBank after being released from the enforcement action. Next week, we anticipate the OCC will provide an update on its latest enforcement action activity.
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 399.