Saturday, February 21, 2015

Unofficial Problem Bank list declines to 378 Institutions

by Bill McBride on 2/21/2015 08:01:00 AM

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

Here is the unofficial problem bank list for Feb 21, 2015.

Changes and comments from surferdude808:

The OCC released its latest enforcement actions leading to eight removals from the Unofficial Problem Bank List. After the removals, the list stands at 378 institutions with assets of $117.9 billion. We updated asset figures with 2014q4 financials, which accounted for a $812 million of the $3.2 billion decline in assets this week. A year ago, the list held 578 institutions with assets of $193.0 billion.

The OCC terminated actions against Armed Forces Bank, National Association, Fort Leavenworth, KS ($1.7 billion); Academy Bank, National Association, Colorado Springs, CO ($325 million); Mission National Bank, San Francisco, CA ($177 million); Southern Commerce Bank, National Association, Tampa, FL ($70.2 million); The First National Bank of Sullivan, Sullivan, IL ($60 million); Olmsted National Bank, Rochester, MN ($54 million); SunBank, National Association, Phoenix, AZ ($32 million); and Armed Forces Bank of California, National Association, San Diego, CA ($17 million).

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.