by Calculated Risk on 6/22/2013 08:01:00 AM
Saturday, June 22, 2013
Unofficial Problem Bank list declines to 751 Institutions
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for June 21, 2013.
Changes and comments from surferdude808:
As expected, the OCC released its enforcement action activity through mid-May today. For the week, there were seven removals and one addition that leave the Unofficial Problem Bank List at 751 institutions with assets of $273.0 billion. A year ago, the list held 921 institutions with assets of $354.6 billion.
The OCC terminated actions against Metropolitan National Bank, New York, NY ($591 million); Fidelity National Bank, West Memphis, AR ($364 million); and Lake City Federal Bank, Lake City, MN ($73 million). Removals from unassisted acquisitions include Mid-Wisconsin Bank, Medford, WI ($448 million); Los Angeles National Bank, Buena Park, CA ($193 million); and Great Eastern Bank of Florida, Miami, FL ($46 million). The thrift controlled by Lehman Brothers, Aurora Bank FSB, Littleton, CO ($314 million), was voluntarily liquidated.
The sole addition this week was First National Bank, Camdenton, MO ($262 million).
Next week, we anticipate the FDIC will release its enforcement action activity through May 2013. With the quarter ending, we will update the transition matrix. We continue to monitor the airwaves for any news on Capitol Bancorp and the fate of the banks it controls, but nothing hit the wire this week.