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Unofficial Problem Bank List November 2nd Update

Sunday, November 4, 2012 - 5:04 AM
The Calculated Risk blog has updated its Unofficial Problem Bank List. There were four removals and one addition. Two of the removals were due to Friday's bank failures. The other two removals were due to mergers. Here's an excerpt from the CR change summary:
Beacon Federal, East Syracuse, NY ($998 million Ticker: BFED); and 1st Commonwealth Bank of Virginia, Arlington, VA ($57 million) found merger partners.

The addition this week was The Patapsco Bank, Baltimore, MD

Read more

I've reported on Beacon Federal and 1st Commonwealth Bank of Virginia several times in the past due to their reward checking accounts. Unfortunately, mergers have often been bad news for reward checking.

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Ken TuminKen Tumin5,472 posts since
Nov 29, 2009
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