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Sunday, June 03, 2012

Unofficial Problem Bank list declines to 927 Institutions

by Calculated Risk on 6/03/2012 09:17:00 AM

This is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for June 1, 2012. (table is sortable by assets, state, etc.)

Changes and comments from surferdude808:

As anticipated, most changes to the Unofficial Problem Bank List were removals. In all, there were four removals that include one unassisted merger --Bank of Anderson, National Association, Anderson, SC ($139 million) -- and three action terminations -- Preferred Bank, Los Angeles, CA ($1.4 billion Ticker: PFBC); Castle Rock Bank, Castle Rock, CO ($106 million); and Battle Creek State Bank, Battle Creek, NE ($26 million). After the removals, the list holds 927 institutions with assets of $356.4 billion. A year ago, the list held 997 institutions with assets of $416.7 billion. The other change this week is the Federal Reserve issuing a Prompt Corrective Action order against Premier Bank, Denver, CO ($53 million).
Yesterday:
Summary for Week Ending June 1st
Schedule for Week of June 3rd
Employment posts:
May Employment Report: 69,000 Jobs, 8.2% Unemployment Rate
May Employment Summary and Discussion
Employment Report Graphs: Construction, Duration of Unemployment and Diffusion Indexes
Employment Graphs