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Banco Popular North America Which Runs E

Sunday, March 14, 2010 - 9:42 PM
Banco Popular North America which runs E-LOAN Bank has been downgraded to "ZERO stars" by Bauer financial. E-LOAN is a wholly-owned subsidiary of Banco Popular North America, a New York State-chartered bank, which in turn is a wholly-owned subsidiary of Popular, Inc., a full service financial services provider with operations in Puerto Rico.

Meanwhile from Calculated Risk: http://www.calculatedriskblog.com/2010/03/weekly-summary-and-look-ahead_14.html

"On Friday the FDIC will probably close several more banks. I'm still expecting some activity in Puerto Rico soon, and the Chicago Tribune reported this week that bids are being taken on several banks in the Chicago area:

The Federal Deposit Insurance Corp. is putting at least a half-dozen struggling Chicago-area banks out for bid to healthy institutions that might want to buy their deposits and asset.
...
People familiar with the FDIC process say that, among the undercapitalized banks, those that the regulator is trying to line up buyers for include Amcore Bank, Broadway Bank, Lincoln Park Savings Bank, Wheatland Bank, Citizens Bank & Trust Co. of Chicago and New Century Bank."
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