by Bill McBride on 11/27/2015 08:35:00 PM
Friday, November 27, 2015
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for November 2015.
Changes and comments from surferdude808:
Update on the Unofficial Problem Bank List for November 2015. During the month, the list fell from 264 institutions to 255 after nine removals. Assets dropped by $2.2 billion to an aggregate $77.0 billion. The asset total was updated to reflect third quarter figures, which resulted in a small decline of $224 million. A year ago, the list held 408 institutions with assets of $124.7 billion. This past week, the FDIC released third quarter industry results and an update on the Official Problem Bank List. FDIC said the official list held 203 problem banks, a decline of 25 during the quarter. During the past three months, the unofficial list holds 27 fewer banks.
Actions have been terminated against CertusBank, National Association, Easley, SC ($877 million); First National Bank in Howell, Howell, MI ($355 million); United American Bank, San Mateo, CA ($303 million); Quontic Bank, Astoria, NY ($165 million); First Alliance Bank, Cordova, TN ($120 million); and Summit National Bank, Hulett, WY ($64 million).
Several banks merged to find their way off the problem bank list including Columbus Junction State Bank, Columbus Junction, IA ($47 million); Farmers State Bank, Lumpkin, GA ($45 million); and The State Bank of Blue Mound, Blue Mound, IL ($31 million).
One other change this month was a name change of The Farmers Bank to Persons Banking Company, Forsyth, GA ($328 million).
Posted by Bill McBride on 11/27/2015 08:35:00 PM