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154 Small Banks Hurdling Toward Oblivion: Bank Watch List

Tuesday, August 16, 2011 - 9:43 AM
From TheStreet
Now that a complete set of second-quarter data is available for the nation's banks and savings and loan associations, it's clear that there are still community banks heading toward their doom.

There are now 154 undercapitalized institutions on the TheStreet's Bank Watch List, with second-quarter data now available for all of the nation's banks and thrifts. This is up from 149 on our previous list form August 2, when data wasn't yet available for most S&Ls, and also factors-in three more bank failures.

Based on second-quarter regulatory data supplied by SNL Financial, 154institutions were undercapitalized according to the regulatory guidelines that apply to most institutions.

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