Unofficial Problem Bank list declines to 977 institutions

Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Dec 9, 2011. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

Perhaps the FDIC is giving its closing teams the balance of the year off as there is only one weekend left before Christmas and New Year's weekend. This week there were three removals to the Unofficial Problem Bank List. After the removals, the list has 977 institutions with assets of $399.5 billion. A year ago, the list held 919 institutions with assets of $411.4 billion.

Removals include two unassisted mergers -- Fullerton Community Bank, FSB, Fullerton, CA ($636 million); and Santa Lucia Bank, Atascadero, CA ($232 million Ticker: SLBA). The other removal was the voluntary liquidation of Greystone Bank, Raleigh, NC ($90 million). Props go out to bank management and the North Carolina State Banking Department for winding down a problem bank at no cost to the deposit insurance fund.

Click on graph for larger image.

Here is a repeat of the graph of bank failures by week (cumulative) for the last several years.

In 2008, 25 banks failed, 140 banks failed in 2009, 157 in 2010, and only 90 so far in 2011.

If there are any more bank failures this year, they will probably be closed next Friday.

Earlier:
• Summary for Week ending Dec 9th