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May 2017: Unofficial Problem Bank list declines to 140 Institutions

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

Here is the unofficial problem bank list for May 2017.

Changes and comments from surferdude808:

Update on the Unofficial Problem Bank List for May 2017.  During the month, the list dropped from 148 to 140 institutions after nine removals and one addition.  Aggregate assets fell by .9 billion to .2 billion.  A year ago, the list held 206 institutions with assets of .8 billion.

Actions were terminated against Delaware Place Bank, Chicago, IL (1 million); TransPecos Banks, Pecos, TX (3 million); First Federal Savings and Loan Association of Greensburg, Greensburg, IN (7 million); CenTrust Bank, National Association, Northbrook, IL ( million); Foothills Community Bank, Dawsonville, GA ( million); and Forrest City Bank, National Association, Forrest City, AR ( million).

Guaranty Bank, Milwaukee, WI (.0 billion) departed the list on May, 05, 2017 as the fifth failure so far in 2017.  On March 29, 2017, the FDIC terminated the deposit insurance of Builders Bank, Chicago, IL ( million) causing their removal.  Pinnacle Bank, Rogers, AR ( million) found their way off the list through a voluntary merger.

This past Wednesday, the FDIC published industry income results for the first quarter of 2017 and provided an update on the Official Problem Bank List.  The FDIC reported problem bank figures of 112 institutions with assets of .7 billion, which is the fewest number of problem banks since March 2008.


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