Unofficial Problem Bank list declines to 435 Institutions

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

Here is the unofficial problem bank list for Sept 12, 2014.

Changes and comments from surferdude808:

Two mergers lowered the Unofficial Problem Bank List to 435 institutions with assets of $137.5 billion. A year ago, the list held 700 institutions with assets of $246 billion. Finding their way off the list by finding a merger partner were United Central Bank, Garland, TX ($1.3 billion) and Idaho Banking Company, Boise, ID ($96 million). Idaho Banking company had also been operating under a Prompt Corrective Action order since February 2011. Next Friday we expect for 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 435.

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