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Saturday, September 13, 2014

Unofficial Problem Bank list declines to 435 Institutions

by Calculated Risk on 9/13/2014 08:11:00 AM

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

Here is the unofficial problem bank list for Sept 12, 2014.

Changes and comments from surferdude808:

Two mergers lowered the Unofficial Problem Bank List to 435 institutions with assets of $137.5 billion. A year ago, the list held 700 institutions with assets of $246 billion. Finding their way off the list by finding a merger partner were United Central Bank, Garland, TX ($1.3 billion) and Idaho Banking Company, Boise, ID ($96 million). Idaho Banking company had also been operating under a Prompt Corrective Action order since February 2011. Next Friday we expect for the OCC to provide an update on its enforcement action activities.
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 435.