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Unofficial Problem Bank list declines to 977 Institutions


Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Nov 18, 2011. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Activity on the Unofficial Problem Bank List picked-up this week. There were five removals, one addition, and assets were updated through September 30, 2011. After these changes, the list includes 977 institutions with assets of 9.1 billion. During the quarter, assets for remaining banks on the Unofficial Problem Bank List declined by .9 billion. A year ago, the list had 903 institutions with assets of 9.6 billion.

The removals include one action termination — Royal Bank America, Narberth, PA (0 million Ticker: RBPAA); two unassisted mergers — The Bank of Texas, Devine, TX ( million) and United Kentucky Bank of Pendleton County, Inc., Falmouth, KY ( million); and two failures — Central Progressive Bank, Lacombe, LA (8 million) and Polk County Bank, Johnston, IA ( million).

Added this week is Village Bank, Midlothian, VA (0 million Ticker: VBFC). We do not expect the FDIC to close any banks next week because of the holiday but we do anticipate for the FDIC and OCC to provide an update on their problem bank activities for the past month.

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