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Unofficial Problem Bank list declines to 956 Institutions


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

Here is the unofficial problem bank list for Feb 17, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

As expected, the OCC released its enforcement action activity through mid-January 2012 this week, which contributed to several changes to the Unofficial Problem Bank List this week. Given that the FDIC played nice with community banks by hosting an outreach conference in D.C. this week, it is not surprising they kept the closing teams grounded. In all, there were seven removals and five additions that leave the list with 956 institutions. However, assets were virtually unchanged at 9.56 billion. A year ago, there were 951 institutions with assets of 8.6 billion.

All of the removals were cures and include Plumas Bank, Quincy, CA (2 million Ticker: PLBC); The Farmers National Bank of Prophetstown, Prophetstown, IL (0 million); Resource Bank, National Association, Dekalb, IL (2 million); The First National Bank of Eagle River, Eagle River, WI (6 million); The First National Bank of Plainview, Plainview, MN (0 million); Western National Bank, Cass Lake, MN ( million); and The First National Bank of Frederick, Frederick, SD ( million).

The additions include Riverview Community Bank, Vancouver, WA (1 million); Mariners Bank, Edgewater, NJ (4 million); American National Bank, Oakland Park, FL (4 million); Commerce National Bank & Trust, Winter Park, FL (0 million); and First National Bank of Wauchula, Wauchula, FL ( million).

Next Friday there is a good chance the FDIC will release its enforcement action activity for January 2012.

After peaking at 1,004 institutions last July, the number of institutions on the unofficial list has slowly declined. But this is still very high.

Calculated Risk

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