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Saturday, June 18, 2011

Unofficial Problem Bank list at 996 Institutions

by Calculated Risk on 6/18/2011 08:30:00 AM

Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for June 17, 2011.

Changes and comments from surferdude808:

This week a little bit of almost everything happened to the Unofficial Problem Bank List. There were three additions, two removals from failure, five removals from action termination, and two removals from unassisted mergers. The net of these changes leave the list with 996 institutions with assets of $416.7 billion.

The three additions include PBI Bank, Louisville, KY ($1.7 billion Ticker: PBIB); The Conway National Bank, Conway, SC ($942 million Ticker: CNBW); and Peoples National Bank, Niceville, FL ($ 121 million).

The failures include McIntosh State Bank, Jackson, GA ($340 million Ticker: MITB); and First Commercial Bank of Tampa Bay, Tampa, FL ($99 million). Action terminations include Heritage Bank of Commerce, San Jose, CA ($1.3 billion Ticker: HTBK); Cornerbank, National Association, Winfield, KS ($231 million); The First National Bank of Northfield, Northfield, MN ($126 million); First National Bank of Scottsdale, Scottsdale, AZ ($60 million); and Gladewater National Bank, Gladewater, TX ($31 million). Removals from unassisted mergers include Wilber National Bank, Oneonta, NY ($895 million Ticker: GIW); and First Community Bank of America, Pinellas Park, FL ($452 million Ticker: FCFL).

Perhaps next week the FDIC will release its actions issued during May 2011, until then practice safe & sound banking.