Friday, September 16, 2011

Unofficial Problem Bank list declines to 984 Institutions

by Calculated Risk on 9/16/2011 09:50:00 PM

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

Here is the unofficial problem bank list for Sept 16, 2011.

Changes and comments from surferdude808:

The OCC did not release its actions through mid-August as we anticipated they would last week. Perhaps there are operational issues or changes in release protocol after the merger with the OTS. Without the OCC release and the FDIC sitting on its hands this week as far as closures, there were only minor changes to the Unofficial Problem Bank List this week. In all, there were two removals, which leaves the list with 984 institutions and assets of $402.4 billion. A year ago, there were 854 institutions with assets of $416.0 billion.

The removals were Premier Bank & Trust, National Association, North Canton, OH ($175 million Ticker: OLCB) and Northland National Bank, Gladstone, MO ($46 million ), which had their actions terminated by the OCC. Perhaps the OCC will make an appearance next week.
Best to all!