Unofficial Problem Bank list declines to 465 Institutions

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

Here is the unofficial problem bank list for July 3, 2014.

Changes and comments from surferdude808:

Generally a quiet week for the Unofficial Problem Bank List with three removals but none from failure as no one expected the FDIC to close on bank on the July 4th weekend. After the removals, the list count drops to 465 institutions with assets of $147.6 billion. The list is down significantly from a year ago when it included 743 institutions with assets of $271.5 billion.

The FDIC terminated the action against Monroe Bank & Trust, Monroe, MI ($1.2 billion Ticker: MBTF). The other two banks removed -- Harrington Bank, FSB, Chapel Hill, NC ($225 million) and Community Bank of San Joaquin, Stockton, CA ($125 million Ticker: BKOT) -- found their way off the list through a merger with a healthier bank.

Next week is expected to see few changes as the OCC likely will not be providing an update on it enforcement actions until July 18th. Enjoy the holiday weekend.

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 465.