January 2019: Unofficial Problem Bank list increased to 78 Institutions - InvestingChannel

January 2019: Unofficial Problem Bank list increased to 78 Institutions

Note: Surferdude808 compiles an unofficial list of Problem Banks compiled only from public sources.

Here is the unofficial problem bank list for January 2019.

Here are the monthly changes and a few comments from surferdude808:

Update on the Unofficial Problem Bank List for January 2019. During the month, the list increased by a net of one institution to 78 banks after two removals and three additions. Aggregate assets increased slightly to $55.2 billion from $54.8 billion at year-end. A year ago, the list held 101 institutions with assets of $20.7 billion.

This month, actions were terminated against Northside Bank, Adairsville, GA ($126 million) and Millennial Bank, Leeds, AL ($66 million), which was previously known as Covenant Bank.

Additions this month include Southwest Capital Bank, Albuquerque, NM ($369 million) and Beacon Business Bank, National Association, San Francisco, CA ($140 million). In addition, the FDIC issued Gunnison Valley Bank, Gunnison, UT ($71 million) a Prompt Corrective Action in October 2018. Gunnison Valley Bank has the dubious distinction of making a return appearance on the list after being removed in September 2017.

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