by Calculated Risk on 1/25/2014 12:06:00 AM
Saturday, January 25, 2014
Unofficial Problem Bank list declines to 600 Institutions
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for January 24, 2014.
Changes and comments from surferdude808:
A bank failure, several action terminations, and a merger reduced the institutions count on the Unofficial Problem Bank List to an even 600. The removals caused a $1.9 billion decline in assets to $197.9 billion. A year ago, the list held 825 institutions with assets of $309 billion.
Actions were terminated against United Bank & Trust Company, Versailles, KY ($537 million Ticker: FFKT); CFBank, Fairlawn, OH ($245 million); and Mid America Bank, Janesville, WI ($100 million). Mountain 1st Bank & Trust Company, Hendersonville, NC ($675 million Ticker: FFIS) found its way off the list through an unassisted merger. For the second consecutive week there was an exit through failure as The Bank of Union, El Reno, OK ($331 million). It has been since August 2013 when failures occurred on consecutive weeks.
Next week, we anticipate the FDIC will release its enforcement action activity through year-end 2013.