The Oldest and Most Trusted Real Estate News Magazine

Unofficial Problem Bank list declines to 865 Institutions


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

Here is the unofficial problem bank list for Oct 19, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

The OCC released its enforcement actions through mid-September 2012 and the FDIC got back to closing a few banks, which led to many changes to the Unofficial Problem Bank List. For the week, there were nine removals and two additions leaving the list at 865 institutions with assets of 3.2 billion. A year ago, the list held 976 institutions with assets of 1.9 billion.

They were six action terminations and three failures this week. The OCC terminated actions against The National Bank, Moline, IL (.0 billion); Peoples National Bank, Colorado Springs, CO (4 million); United Community Bank, National Association, Highland Village, TX (7 million); First National Bank MidWest, Oskaloosa, IA (4 million); and First National Bank of Kansas, Burlington, KS ( million). The three failures were Excel Bank, Sedalia, MO (1 million); GulfSouth Private Bank, Destin, FL (9 million); and First East Side Savings Bank, Tamarac, FL ( million).

The two additions were Central Federal Savings and Loan Association, Cicero, IL (3 million) and F&M Bank and Trust Company, Hannibal, MO (5 million).

The OCC also issued a Prompt Corrective Action Order against One Bank & Trust, National Association, Little Rock, AR (5 million). Next week, we anticipate the FDIC will release its actions through September 2012.

• Summary for Week Ending Oct 19th
• Schedule for Week of Oct 21st

Calculated Risk

Tags: , , , , ,

Sitemap Madbadcat Graphics