Saturday, April 12, 2014

Unofficial Problem Bank list declines to 530 Institutions

by Calculated Risk on 4/12/2014 01:15:00 PM

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

Here is the unofficial problem bank list for April 11, 2014.

Changes and comments from surferdude808:

There were three removals this week from the Unofficial Problem Bank List. After removal, the list holds 530 institutions with assets of $170.8 billion. A year ago, the list held 786 institutions with assets of $289.4 billion.

Actions were terminated against Riverview Community Bank, Vancouver, WA ($803 million); The National Bank of Cambridge, Cambridge, MD ($190 million); and Pikes Peak National Bank, Colorado Springs, CO ($80 million).

The Federal Reserve issued a Prompt Corrective Action order against NBRS Financial, Rising Sun, MD ($207 million), which has been operating under a Written Agreement since February 2010.

Next Friday, we anticipate the OCC will release its enforcement action activity through Mid-March 2014.