by Calculated Risk on 8/09/2014 08:15:00 AM
Saturday, August 09, 2014
Unofficial Problem Bank list declines to 449 Institutions
This is an unofficial list of Problem Banks compiled only from public sources.
Here is the unofficial problem bank list for Aug 8, 2014.
Changes and comments from surferdude808:
Two removals lowered the number of institutions on the Unofficial Problem Bank List to 449. Assets declined by $3.0 billion to $142.7 billion. A year earlier, the list held 723 institutions with assets of $255 billion. Enforcement actions were terminated against MetaBank, Storm Lake, IA ($1.9 billion Ticker: CASH) and First American Bank, Fort Dodge, IA ($1.1 billion). Next Friday, we anticipate the OCC to provide an update on its enforcement action activities.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 449.