Home -> Law Blog Directory -> Bailout Blogs -> Calculated Risk

Bailout

: Calculated Risk

Unofficial Problem Bank List increases to 653

By Anonymous

This is an unofficial list of Problem Banks compiled only from public sources. Changes and comments from surferdude808:

Publication of actions issued by the OCC and OTS contributed to an increase in the number of institutions and aggregate assets on the Unofficial Problem Bank List this week.

This week the list includes 653 institutions with assets of $332.0 billion, up from 640 institutions with assets of $325.6 billion last week. The list increased despite the FDIC best efforts closing seven institutions of which five were on last week's list. The removals because of failure include Advanta Bank Corp. ($1.6 billion Ticker: ADVNQ), Appalachian Community Bank ($1.0 billion Ticker: APAB), First Lowndes Bank ($137 million), American National Bank ($70 million), and State Bank of Aurora ($28 million).

There were 18 institutions with assets of $9.3 billion added to the list this week. Additions include Los Alamos National Bank, Los Alamos, NM ($1.7 billion); NCB, FSB, Hillsboro, OH ($1.6 billon); Citizens First National Bank, Princeton, IL ($1.3 billion Ticker: PNBC); First Chicago Bank & Trust, Itasca, IL ($1.2 billion); and Norstates Bank, Waukegan, IL ($626 million Ticker: NSFC).

Other changes for institutions already on the list include Prompt Corrective Action Orders issued by the OTS against Savings Bank of Maine ($892 million); Inter Savings Bank, FSB ($701 million); and Woodlands Bank ($388 million).

The list is compiled from regulator press releases or from public news sources (see Enforcement Action Type link for source). The FDIC data is released monthly with a delay, and the Fed and OTC data is more timely. The OCC data is a little lagged. Credit: surferdude808.

See description below table for Class and Cert (and a link to FDIC ID system).

For a full screen version of the table click here.

The table is wide - use scroll bars to see all information!

NOTE: Columns are sortable - click on column header (Assets, State, Bank Name, Date, etc.)

Class: from FDIC

The FDIC assigns classification codes indicating an institution's charter type (commercial bank, savings bank, or savings association), its chartering agent (state or federal government), its Federal Reserve membership status (member or nonmember), and its primary federal regulator (state-chartered institutions are subject to both federal and state supervision). These codes are:

N National chartered commercial bank supervised by the Office of the Comptroller of the Currency

SM State charter Fed member commercial bank supervised by the Federal Reserve

NM State charter Fed nonmember commercial bank supervised by the FDIC

SA State or federal charter savings association supervised by the Office of Thrift Supervision

SB State charter savings bank supervised by the FDIC

Cert: This is the certificate number assigned by the FDIC used to identify institutions and for the issuance of insurance certificates. Click on the number and the Institution Directory (ID) system "will provide the last demographic and financial data filed by the selected institution".

Full post as published by Calculated Risk on March 20, 2010 (boomark / email).

Bloggers, promote your law blog by nominating your blog for inclusion in USLaw.com's Law Blog Directory and RSS Reader. Benefits described.

Related Law Articles

DC Madame Phone List
Telephone Records of Deborah Jeane Palfrey's Escort Service (Pamela Martin and Associates)

Employee Lawsuits: Negligent Hiring and Retention
Employers must check references, criminal records, other background material.

Lawsuits and Settlements

Chevy Chase Bank
lawsuit claims the bank is in violation of the Truth in Lending Act

Bank Transaction
City Bank president Mike Liner agrees to pay $25,000 fine for assisting in a cash deposit.

Smokeless Tobacco Increases Risk of Stroke and Heart Attack
Smokeless Tobacco Increases Risk of Stroke and Heart Attack

Flomax
Increases Risk of Cataract Surgery Complications

Bank Scandal
Swiss bank pays Parmalat $30 million bankruptcy settlement.

COPD Drug
allegedly increases risk of death from cardiovascular and respiratory events.

Related Searches