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Unofficial Problem Bank list at 944 Institutions

By Anonymous

Note: this is an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for Feb 11, 2011.

Changes and comments from surferdude808:

After five removals and three additions, the Unofficial Problem Bank List has two fewer institutions this week at 944, but assets increased by $1.8 billion to $413 billion.

Removals include the four failures this week -- Peoples State Bank, Hamtramck, MI ($430 million Ticker: PSBG); Canyon National Bank, Palm Springs, CA ($221 million Ticker: CYBA); Sunshine State Community Bank, Port Orange, FL ($141 million); and Badger State Bank, Cassville, WI ($87 million); and one action termination against Woodforest Bank, Refugio, TX ($141 million).

Additions include Southwest Securities, FSB, Dallas, TX ($1.8 billion Ticker: SWS); Carver Federal Savings Bank, New York, NY ($755 million); and Community Bank-Wheaton/Glen Ellyn, Glen Ellyn, IL ($332 million Ticker: CFIS).

Other changes include Prompt Corrective Action orders issued against Community Banks of Colorado, Greenwood, CO ($1.7 billion); and First Peoples Bank, Port St. Lucie, FL ($241 million Ticker: FPBI). Next week we anticipate the OCC will release its actions through January 2011. Until then, as we always hope for, have a safe banking week.

Full post as published by Calculated Risk on February 12, 2011 (boomark / email).