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
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. Bank Health Ratings
For more info on the financial health of banks and credit unions, you can view our Bank Health Ratings
page which provides a table of banks and credit unions with the worst Texas Ratios. You can also sort based on the best Texas Ratios to view the safest banks. Health Rating Updates
Our financial health ratings are based on bank data that the FDIC releases each quarter. Our health ratings for both banks and credit unions are now based on 2012 Q2 data.