Unofficial Problem Bank list declines to 495 Institutions

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

Here is the unofficial problem bank list for June 6, 2014.

Changes and comments from surferdude808:

It was a very quiet week for the Unofficial Problem Bank List with only one removal. The list holds 495 institutions with assets of $153.9 billion. A year ago, the list had 923 institutions with assets of $355.7 billion. The OCC terminated the action against Independence National Bank, Greenville, SC ($97 million Ticker: IEBS). Next week, we anticipate for the OCC to provide an update on its enforcement action activity through mid-May 2014.

CR Note: The first unofficial problem bank list was published in August 2009 with 389 institutions. The list peaked at 1,002 institutions on June 10, 2011, and is now down to 495.