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Saturday, August 02, 2014

Unofficial Problem Bank list declines to 451 Institutions

by Calculated Risk on 8/02/2014 08:15:00 AM

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

Here is the unofficial problem bank list for Aug 1, 2014.

Changes and comments from surferdude808:

Actions by the Federal Reserve were responsible for the two changes to the Unofficial Problem Bank List this week. There was one removal lowering the list count to 451 institutions with assets of $145.7 billion. A year ago, the list held 726 institutions with assets of $260.9 billion.

The Federal Reserve terminated the Written Agreement against Peoples Bank & Trust Co., Troy, MO ($424 million) and they issued a Prompt Corrective Action order against Premier Bank, Denver, CO ($44 million), which has been under a Written Agreement since April 2010.

We expect few changes to the list over the next week and it will not be until August 15th until the OCC provides an update on its enforcement action activity.
CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The list peaked at 1,002 institutions on June 10, 2011, and is now down to 451.