Dedicated to Deposits: Deals, Data, and Discussion
Featured Savings Rates
Featured Accounts

Unofficial Problem Bank List Increases To 920 Institutions [CR]

Saturday, December 18, 2010 - 12:29 PM
From the Calculated Risk Blog:
The Unofficial Problem Bank List finished the week at 920 institutions with assets of $411.4 billion, up from 919 institutions last week.

Only 4 of the 6 banks that were closed on Friday were on the list. I reviewed why one wasn't on the list in my bank failure summary blog post.

Here are the 5 additions:
  • Omnibank, National Association, Houston, TX
  • Empire National Bank, Islandia, NY
  • The First National Bank of Mercersburg, Mercersburg, PA
  • The Headland National Bank, Headland, AL
  • The First National Bank of Fleming, Fleming, CO
Three had enforcement action upgrades:
  • First Citizens Bank of Polson, National Association, Polson, MT
  • Metropolitan National Bank, New York, NY
  • The Park Avenue Bank, Valdosta, GA
Ken TuminKen Tumin5,473 posts since
Nov 29, 2009
Rep Points: 125,800