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Unofficial Problem Bank List Increases To 877 Institutions [CR]

Sunday, October 3, 2010 - 12:11 PM
From the Calculated Risk Blog:
The number of institutions on the Unofficial Problem Bank List rose this week but assets fell with the removal of a large publicly traded bank.

Removals include the failed Shoreline Bank ($104 million), an affiliate of the failed Chicago-based ShoreBank; and Sterling Savings Bank ($9.1 billion Ticker: STSA), which said in an 8-K that its enforcement action had been terminated.

The post also has a review of the unofficial problem list changes in the past quarter with some interesting stats on the number of banks on the original list that have failed:
Nearly 27 percent of the 389 institutions on the original list have failed, which is substantially higher than the 12 percent figure usually cited by the media as the failure rate for institutions on the FDIC Problem Bank List.

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Ken TuminKen Tumin5,441 posts since
Nov 29, 2009
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