Sunday, January 29, 2017

January 2017: Unofficial Problem Bank list unchanged at 163 Institutions

by Bill McBride on 1/29/2017 11:37:00 AM

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

Here is the unofficial problem bank list for January 2017.

Changes and comments from surferdude808:

Update on the Unofficial Problem Bank List for January 2017.  During the month, the list dropped from 169 to 163 institutions after six removals.  Aggregate assets fell by $1.5 billion to $43.5 billion.  A year ago, the list held 238 institutions with assets of $69.5 billion.

Actions were terminated against The Baraboo National Bank, Baraboo, WI ($412 million); International Finance Bank, Miami, FL ($354 million); First National Bank USA, Boutte, LA ($132 million); and First Federal of South Carolina, FSB, Walterboro, SC ($77 million  Ticker: FSGB).

Removals through failure were Seaway Bank and Trust Company, Chicago, IL ($361 million) and Harvest Community Bank, Pennsville, NJ ($126 million).  It has been 15 months since the last month with two or more bank failures.  The failure in Chicago is the 18th bank to fail in that city since September 2009 and the 64th bank to fail in Illinois since 2008.