by Bill McBride on 4/30/2016 08:09:00 AM
Saturday, April 30, 2016
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for April 2016.
Changes and comments from surferdude808:
Update on the Unofficial Problem Bank List for April 2016. During the month, the list fell from 222 institutions to 214 after nine removals and one addition. Assets dropped by $2.2 billion to an aggregate $62.4 billion. A year ago, the list held 342 institutions with assets of $105.1 billion.
Actions have been terminated against U.S. Century Bank, Doral, FL ($910 million); Community Bank of Florida, Inc., Homestead, FL ($485 million); Florida Capital Bank, National Association, Jacksonville, FL ($341 million); Advantage Bank, Loveland, CO ($265 million); Transcapital Bank, Sunrise, FL ($169 million); Mountain Valley Bank, Dunlap, TN ($96 million); Bank of Newington, Newington, GA ($87 million); and Rocky Mountain Bank & Trust, Florence, CO ($65 million).
Trust Company Bank, Memphis, TN ($21 million) exited the list via failure becoming the second bank to fail in 2016.
Added this month was First Community National Bank, Cuba, MO ($207 million). Also, the FDIC issued a Prompt Corrective Action order against Proficio Bank, Cottonwood Heights, UT ($110 million), which has been on the list since March 2014.
Posted by Bill McBride on 4/30/2016 08:09:00 AM