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Friday, April 16, 2010

Unofficial Problem Bank List hits 698

by Calculated Risk on 4/16/2010 10:45:00 PM

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

Here is the unofficial problem bank list for April 16, 2010.

Changes and comments from surferdude808:

The closures this week and publication of actions issued by the OCC during March contributed to a large number of changes in the Unofficial Problem Bank List this week.

There were 25 institutions with assets of $8.7 billion added this week while 9 institutions with assets of $6.4 billion were removed. The net of this activity results in an Unofficial Problem Bank List that has 698 institutions with combined assets of $366.5 billion, up from 682 institutions with assets of $364.1 billion last week.

The Unofficial Problem Bank List has mostly closed the gap with the latest FDIC Official Problem Bank List that included 702 institutions. Notable among the 25additions are Far East National Bank, Los Angeles, CA ($2 billion); BNC National Bank, Phoenix, AZ ($867 million Ticker: BNCC.PK); First Community Bank, National Association, Lexington, SC ($605 million Ticker: FCCO); Citizens National Bank of Paintsville, Paintsville, IL ($582 million Ticker: CZNL.OB); and Golden Bank, National Association, Houston, TX ($507 million).

The removals include an action termination by the Federal Reserve against KCB Bank ($143 million), and the 8 failures -- Riverside National Bank of Florida ($3.4 billion), City Bank ($1.1 billion), Tamalpais Bank ($629 million), First Federal Bank of North Florida ($393 million), Innovative Bank ($269 million), Butler Bank ($268 million), AmericanFirst Bank ($90 million), and Lakeside Community Bank ($53 million).