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Saturday, March 10, 2012

Unofficial Problem Bank list declines to 956 Institutions

by Calculated Risk on 3/10/2012 06:17:00 PM

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

Here is the unofficial problem bank list for Mar 9, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Several changes resulted in the Unofficial Problem Bank List having 956 institutions with assets of $383.3 billion. This week there were four removals and one addition. Last year, the list had 964 institutions with assets of $420.7 billion. The removals include the failed New City Bank, Chicago, IL ($71 million); an unassisted merger of Americantrust Federal Savings Bank, Peru, IN ($99 million); and action terminations for Macatawa Bank, Holland, MI ($1.5 billion Ticker: MCBC) and Magyar Bank, New Brunswick, NJ ($526 million Ticker: MGYR). The addition this week is Bryan Bank & Trust, Richmond, GA ($240 million Ticker: SAVB), whose affiliate The Savannah Bank, National Association, Savannah, GA is also on the list. Next week, we anticipate the OCC will release its actions through mid-February 2012.
Summary for Week ending March 9th
Schedule for Week of March 11th