Saturday, June 15, 2013

Unofficial Problem Bank list declines to 757 Institutions

by Calculated Risk on 6/15/2013 08:35:00 AM

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

Here is the unofficial problem bank list (update: Link fixed - was linking to old list) for June 14, 2013.

Changes and comments from surferdude808:

As anticipated, it was quiet week for changes to the Unofficial Problem Bank List as the OCC will wait until next Friday to provide its enforcement actions through mid-May 2013. There were three removals, which leave the list holding 757 institutions with assets of $274.8 billion. Last year, the list held 919 institutions with assets of $354.0 billion.

The OCC terminated actions against Communityone Bank, National Association, Asheboro, NC ($1.4 billion Ticker: FNBN) and Metrobank, National Association, Houston, TX ($1.1 billion Ticker: MCBI). The other removal was an unassisted merger of The First National Bank of Grant Park, Grant Park, IL ($110 million) with Midland States Bank, Clayton, IL.

We continue to monitor the operating status of the banking subsidiaries of Capitol Bancorp, LTD, but there is nothing new to report since the closing of the North Las Vegas unit last week.