Unofficial Problem Bank list declines to 613 Institutions - InvestingChannel

Unofficial Problem Bank list declines to 613 Institutions

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

Here is the unofficial problem bank list for January 10, 2013.

Changes and comments from surferdude808:

A few removals this week and the strengthening of an enforcement action are the changes to the Unofficial Problem Bank List this week. In all, there were five removals that leave the list with 613 institutions with $203.0 billion of assets. A year ago, the list held 832 institutions with assets of $310.7 billion.

The OCC stepped up its enforcement action against Los Alamos National Bank, Los Alamos, NM ($1.5 billion) from a Formal Agreement to a Consent Order in December 2013. The bank has been operating under various corrective actions since 2010.

Actions were terminated against North Community Bank, Chicago, IL ($2.5 billion); Westbury Bank, West Bend, WI ($525 million); and Bank of Commerce, Chelsea, OK ($145 million). There are some official confirmations that Talmer Bancorp, Inc. has successfully acquired some banks controlled by Capitol Bancorp, Ltd. Based on these confirmations, we have removed Bank of Las Vegas, Henderson, NV ($224 million) and Sunrise Bank of Albuquerque, Albuquerque, NM ($42 million). Two banks controlled by Capitol Bancorp remain on the list as we wait for confirmation from the FDIC if there has been a change in ownership.

Next Friday, we anticipate the OCC will release its enforcement action activity through the middle of December 2013.

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