by Calculated Risk on 7/21/2013 08:01:00 AM
Sunday, July 21, 2013
Unofficial Problem Bank list declines to 734 Institutions
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for July 19, 2013.
Changes and comments from surferdude808:
With the OCC releasing its actions through mid-June 2013 on Friday, there were many changes to the Unofficial Problem Bank List this week. For the week, there were 11 removals and three additions leaving the list at 734 institutions with assets of $267.2 billion. A year ago, the list held 905 institutions with assets of $349.7 billion.
This week the OCC and Federal Reserve terminated actions against 10 institutions. One has to go back to the week of April 27, 2012 when there were 11 terminations to find a week this busy. Actions were terminated against The Suffolk County National Bank of Riverhead, Riverhead, NY ($1.6 billion Ticker: SUBK); Sterling Bank and Trust, FSB, Southfield, MI ($893 million); Citizens National Bank of Texas, Waxahachie, TX ($605 million); Britton & Koontz Bank, N.A., Natchez, MS ($312 million Ticker: BKBK); Citizens Bank, National Association, Fort Scott, KS ($264 million); Rocky Mountain Bank, Jackson, WY; The First National Bank of Wamego, Wamego, KS ($153 million); Calusa National Bank, Punta Gorda, FL ($150 million); The First National Bank of Wellston, Wellston, OH ($95 million Ticker: MDWE); and The First National Bank of Sedan, Sedan, KS ($51 million). The other removal was Roebling Bank, Roebling, NJ ($156 million) through an unassisted acquisition.
The three additions this week were The Somerville National Bank, Somerville, OH ($178 million); RepublicBankAZ, N.A., Phoenix, AZ ($83 million); and Ruby Valley National Bank, Twin Bridges, MT ($81 million).
There is some news on Capitol Bancorp, Ltd. to pass along, a U.S. Bankruptcy judge will allow the company to sell its remaining seven banks at an auction. No other details on the auction have been made public.
Next Friday, we anticipate for the FDIC to release its actions through June 2013.