by Calculated Risk on 3/22/2014 08:15:00 AM

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

Here is the unofficial problem bank list for March 21, 2014.

Changes and comments from surferdude808:

The OCC provided an update on its enforcement action activities today as anticipated. The release contributed to the majority of the seven removals this week, with six being action terminations. After the removals, the Unofficial Problem Bank List includes 552 institutions with assets of $176.4 billion. A year ago, the list held 797 institutions with $294.3 billion in assets.

The Bank of the Lakes, National Association, Owasso, OK ($169 million) found its way off the list through an unassisted acquisition. Actions were terminated by the OCC against Putnam Bank, Putnam, CT ($453 million Ticker: PSBH); The First National Bank of Ottawa, Ottawa, IL ($271 million Ticker: FOTB); First National Bank of Central Alabama, Aliceville, AL ($230 million); The Oculina Bank, Fort Pierce, FL ($162 million); First National Bank of Pasco, Dade City, FL ($145 million); and First National Bank of Southern California, Riverside, CA ($141 million).

Next week, the FDIC should provide an update in its enforcement action activity through the end of February 2014. With also being the calendar quarter-end, we will update the transition matrix. Enjoy the weekend and hopefully your bracket is still intact for the $1 billion grand prize.