Saturday, January 30, 2016

January 2016: Unofficial Problem Bank list declines to 238 Institutions

by Bill McBride on 1/30/2016 08:08:00 PM

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

Here is the unofficial problem bank list for January 2016.

Changes and comments from surferdude808:

Update on the Unofficial Problem Bank List for January 2016. During the month, the list dropped from 250 institutions to 238 after 12 removals. Assets dropped by $5.52 billion to an aggregate $69.5 billion. This is the largest monthly asset decline since $5.9 billion back in July 2015. A year ago, the list held 388 institutions with assets of $122.5 billion.

Actions have been terminated against Sun National Bank, Vineland, NJ ($2.3b Ticker: SNBC); Bridgeview Bank Group, Bridgeview, IL ($1.1b); Malvern Federal Savings Bank, Paoli, PA ($649m); Village Bank, Midlothian, VA ($420m Ticker: VBFC); Heritage Bank, Jonesboro, GA ($395m Ticker: CCFH); Community Shores Bank, Muskegon, MI ($190m); Securant Bank & Trust, Menomonee Falls, WI ($178m); Prairie Community Bank, Marengo, IL ($105m); Auburn Savings Bank, FSB, Auburn, ME ($72m Ticker: ABBB); and The Citizens State Bank and Trust Company, Woodbine, KS ($17m).

Two banks found their way off the list by finding merger partners including Mother Lode Bank, Sonora, CA ($70m Ticker: MOLB); and Home Federal Savings and Loan Association of Nebraska, Lexington, NE ($54m).