Sunday, July 28, 2019

July 2019: Unofficial Problem Bank list decreased to 75 Institutions

by Calculated Risk on 7/28/2019 01:21:00 PM

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources. DISCLAIMER: This is an unofficial list, the information is from public sources and while deemed to be reliable is not guaranteed. No warranty or representation, expressed or implied, is made as to the accuracy of the information contained herein and same is subject to errors and omissions. This is not intended as investment advice. Please contact CR with any errors.

Here is the unofficial problem bank list for July 2019.

Here are the monthly changes and a few comments from surferdude808:

Update on the Unofficial Problem Bank List for July 2019. During the month, the list decreased by a net of one institution to 75 banks after two removals and one addition. Aggregate assets fell slightly to $55.4.7 billion from $55.0 billion a month earlier. A year ago, the list held 89 institutions with assets of $57.3 billion. This month, actions were terminated against The Equitable Bank, S.S.B., Wauwatosa, WI ($306 million) and Citizens Bank of Chatsworth, Chatsworth, IL ($31 million). Added this month was The First National Bank of Tahoka, Tahoka, TX ($55 million). While already on the list, the OCC issued an updated Prompt Action Directive on June 26, 2019 to City National Bank of New Jersey, Newark, NJ ($156 million).