by Bill McBride on 1/30/2016 08:08:00 PM
Saturday, January 30, 2016
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).
Posted by Bill McBride on 1/30/2016 08:08:00 PM