Friday, January 04, 2013

Unofficial Problem Bank list declines to 834 Institutions

by Bill McBride on 1/04/2013 09:22:00 PM

Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The number of unofficial problem banks grew steadily and peaked at 1,002 institutions on June 10, 2011. The list has been declining since then.

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

Here is the unofficial problem bank list for Jan 4, 2012.

Changes and comments from surferdude808:

Quiet start to the new year for the Unofficial Problem Bank List as there were only four removals this week. The removals push the list count down to 834 institutions with assets of $311.6 billion. A year ago, the list held 970 institutions with assets of $391.2 billion.

Actions were terminated against CommerceWest Bank, N.A., Irvine, CA ($340 million) and Farmers State Bank, Victor, MT ($315 million). The Savannah Bank, National Association, Savannah, GA ($672 million) and Bryan Bank & Trust, Richmond Hill, GA merged into SCBT, Columbia, SC during December 2012. Next week will likely be as quiet; however, the FDIC may have a pent-up closing or two that have been on ice through the holidays they need to get done.
Earlier on employment:
December Employment Report: 155,000 Jobs, 7.8% Unemployment Rate
Employment Report Comments and more Graphs
Graphs for Duration of Unemployment, Unemployment by Education and Diffusion Indexes
Employment graph gallery