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Update To The Unofficial Problem Bank List - NewDominion Bank Added

Saturday, November 13, 2010 - 7:02 AM
The Calculated Risk Blog has updated its unofficial problem bank list. Six were added and 2 of yesterday's 3 banks that failed were removed. Below is an excerpt which describes those that were added. Note, one addition is NewDominion Bank which operates NewDominion Direct which often has top internet CD rates.
Additions include Atlantic Coast Bank, Waycross, GA ($901 million Ticker: ACFC); The Leaders Bank, Oak Brook, IL ($659 million); NewDominion Bank, Charlotte, NC ($535 million); Middlesex Federal Savings, F.A., Somerville, MA ($389 million); Community Bank of Oak Park River Forest, Oak Park, IL ($364 million); and First Federal Savings and Loan Association of Pekin, Pekin, IL ($28 million).

We have another type of an unofficial problem bank list in our new Texas Ratio table. You can sort by state, bank size or by instutition type (bank or credit union). All three banks that failed yesterday were on the worst list (we'll be removing those soon).
Ken TuminKen Tumin5,471 posts since
Nov 29, 2009
Rep Points: 125,634