by Calculated Risk on 9/02/2011 10:15:00 PM
Friday, September 02, 2011
Note: this is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Sept 2, 2011.
Changes and comments from surferdude808:
There were only minor changes to the Unofficial Problem Bank List this week with two removals and one addition resulting in 987 institutions still on the list. Assets dropped by only $48 million so they are unchanged on a rounded basis at $403 billion. For comparison purposes, the list had 845 institutions with assets of $412.0 billion a year ago and 421 institutions with assets of $267.8 billion two years ago.Here are the earlier employment posts (with graphs):
The removals include Golden Security Bank, Rosemead, CA ($132 million), which merged on an unassisted basis; and the failed Creekside Bank, Woodstock, GA ($102 million). It is hard to understand how the other failure this week -- Patriot Bank of Georgia, Cumming, GA -- was not under any disclosed formal enforcement action prior to its failure. Given that we are more than three years into the crisis, it seems that all problem banks should be identified by this time.
The addition this week is Pacific Commerce Bank, Los Angeles, CA ($186 million Ticker: PFCI). We do not anticipate many additions next week and most changes will likely come from failures or unassisted mergers.
• August Employment Report: 0 Jobs (unchanged), 9.1% Unemployment Rate
• Employment Summary, Part Time Workers, and Unemployed over 26 Weeks
• Duration of Unemployment, Unemployment by Education and Diffusion Indexes
• Employment graph gallery
Posted by Calculated Risk on 9/02/2011 10:15:00 PM