by Calculated Risk on 10/26/2018 04:57:00 PM
Friday, October 26, 2018
Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for October 2018.
Here are the monthly changes and a few comments from surferdude808:
Update on the Unofficial Problem Bank List for October 2018. The list had a net decline of four insured institutions to 75 banks after six removals and two additions. Aggregate assets declined during the month by $772 million to $56.2 billion. A year ago, the list held 111 institutions with assets of $26.6 billion.
Actions were terminated against First Chatham Bank, Savannah, GA ($369 million); Bank of Eastman, Eastman, GA ($170 million); Pinnacle Bank, Orange City, FL ($89 million); and American Investors Bank and Mortgage, Eden Prairie, MN ($69 million). Removals through other ways include Sage Bank, Lowell, MA ($143 million) finding a merger partner and Merchants Bank of California, National Association, Carson, CA ($3 million) exiting through a voluntary liquidation.
Additions this month were AllNations Bank, Calumet, OK ($51 million) and Sainte Marie State Bank, Sainte Marie, IL ($20 million).
Lastly, we updated the name of Illinois-Service Federal Savings and Loan Association, Chicago, IL ($133 million) to GN Bank.
Posted by Calculated Risk on 10/26/2018 04:57:00 PM